CBLT Announces Grant of Options
CBLT ANNOUNCES GRANT OF OPTIONS
(Burlington, ON December 27, 2023) CBLT Inc. (CBLT: TSX-V) (“CBLT”) announces it has
received conditional approval from the TSX Venture Exchange for the issuance of 500,000 units
(each, a “Unit”) from tre asury. Each unit will consist of one common share and one common
share purchase warrant with a strike price of $.06 and a term of two years. The price of each Unit
is $0.05, for gross proceeds to CBLT of $25,000. It is intended that each such share will be a
“flow through share ” as that term is commonl y used. The use of proceeds is to advance one or
more of CBLT’s mining exploration properties in Canada. No finders fees were paid and no
insider participated on this transaction.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither TSX Venture Exchange nor its Regulat ion Services Provider (as that term is de fined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and
its management. Forward-looking statements are not historical facts but represent management's current expectation
of future events, and can be identified by words su ch as "believe", "e xpects", "will", "intends", "plans", "projects",
"anticipates", "estimat es", “should”, "c ontinues" and similar expressions. Although management believes that the
expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will
prove to be correct or will come to pass.
By their nature, forwar d-looking statements include assumptions an d are s ubject to inhe rent risks and uncertaintie s
that could cause act ual future results, conditions, act ions or events to d iffer materially from those in t he forward-
looking statements. If and when forward-looking statements are set out in this new releas e, CBLT will also set out
the material risk fact ors or ass umptions use d to develop the forward -looking st atements. Except as expressly
required by applicabl e securities law s, CBL T assumes no oblig ation to update o r revise any forward -looking
statements. Th e futur e o utcomes tha t relate to forward -looking statements may be inf luenced by many factors,
including but not limited to; SARS-CoV-2; rel iance on key per sonnel; the perf ormance of the Ciscom Co rp.
leadership team; shareholder and regulatory approvals; the ability of Powerstone’s team to receive a receipt for its
prospectus and to achieve a listing of its common shares on a Canadian stock exchange; First Nations and other local
communities; jurisdictional r isk; risks o f fut ure legal proceedings; income tax matters; availability and terms of
financing; d istribution of s ecurities; commodities p ricing; environmental issues; forest fires a nd other natural
phenomena; rising costs relat ed to i nflation; effect of m arket intere st on price of securities; failing to i dentify an
economically viable mineral deposit; and, potential dilution.
CBLT’s operati ons could be sig nificantly adversely affected by the effects of a widespread global outbre ak of a
contagious disease, including th e recent outbre ak of illness caused by COVID-19. It is not possible to accurately
predict the impact C OVID-19 will have on ope rations and the ability of others to meet th eir obligations, including
uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease , the duration of the
outbreak, and the length of travel and qu arantine r estrictions im posed by governm ents of affected coun tries. In
addition, a s ignificant outbreak of contagi ous diseases in th e human po pulation could result in a widespread health
crisis that could adversely affect the economies and financial markets of m any countries, res ulting in an eco nomic
downturn that could further affect operations and the ability to finance its operations.