CBLT Investee Closes Second Acquisition
CBLT INVESTEE CLOSES SECOND ACQUISITION
(Burlington, ON. October 3 , 2022) CBLT Inc. (CBLT: TSX -V) (“CBLT”) owns 4,215,116
common shares of Ciscom Corp. (“Ciscom”), or roughly 8.2% of Ciscom’s outstanding shares.
Ciscom has advised CBLT that Ciscom has completed its previously announced acquisition of
Prospect Media Group Ltd. (“PMG”). This is Ciscom’s second acquisition.
Ciscom was able to source equity and bank financing to effect the PMG acquisition. Ciscom has
advised its current round of equity fi nancing was carried out at $0.55 cents per share, and has
advised it has 50,850,296 shares outstanding.
Headquartered in Ontario, PMG is a n AdTech-driven organization that has developed unique
proprietary software applications which enable the efficient processing of big data . On a day -to-
day basis, PMG provides analytics, customer acquisition strategies, digital marketing, direct
mail, flyer distribution management, and related integrated media services to Canadian retailers
and business -to-consumer companies. PMG provides fully customized marketing solutions to
retail customers in a wide range of industries.
Ciscom has received a receipt for its preliminary prospectus from the Ontario Securities
Commission and advises it is wor king tow ards obtainin g a re ceipt for a fina l prospectus.
Corporate and financial i nformation related to PMG, Ciscom and the first acquisition can be
found at Ciscom’s SEDAR site, https://bit.ly/3CqyGEq.
As described in CBL T’s press release of N ovember 10, 2021, CBLT has declared a dividen d of
900,032 of its Ciscom shares back to its shareholder base . For every CBLT share held, each
CBLT shareholder will r eceive 0.011815 Ciscom share , which means for every 84.64119222
CBLT shares held, each CBLT shareholder will receive one Ciscom share . Fractional dividends
will not be paid. Such dividend will be paid to the CBLT shareholders af ter Ciscom obtains a
receipt for its final prospectus.
Following the payment of the dividend, CBLT will retain the remai ning 3,315,084 Ciscom
shares for its corporate purposes.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither TSX Venture Exchange nor its Regulat ion Services Provider (a s that term is defined 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 expect ation
of future events, and can be identified by words such as "believe", "e xpects", "will", "intends", "plans", "projects",
"anticipates", "estimat es", “should”, "continues" and similar expressions. Although management believes that the
expectations represented in such forward-looking statements are reasonable, there can be no as surance that they will
prove to be correct or will come to pass.
By their nature, forward -looking statements include assumptions and are subject to inherent risks and uncertaintie s
that could cause act ual future results, conditions, actions or events to d iffer materially from those in t he forward-
looking statements. If and wh en forward-looking statements are set out in this new release, CBLT will also set out
the material risk fact ors or ass umptions use d to develop the forward -looking statements. Except as expressly
required by applicabl e securities law s, CBL T assumes no oblig ation to update or revise any forward -looking
statements. The future outcomes that 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; First Nations and other local communities; jurisdictional
risk; risks o f future legal proceedings; income tax matters; availa bility and terms of financing; d istribution of
securities; commodities p ricing; environmental issues; forest fires and other natural phenomena; rising costs related
to inflation; effect of m arket intere st on price of securities; failing to identify an econ omically v iable mineral
deposit; and, potential dilution.
CBLT’s operati ons could be significantly adversely affected by the effects of a widespread global outbreak of a
contagious disease, including th e recent outbreak of illness caused by COVID -19. It is not possi ble to accurately
predict the impact C OVID-19 will have on ope rations and the ability of others to meet their obligations, including
uncertainties relating to the ultimat e geographic spread of the virus, the severity of the disease, the duration of the
outbreak, and the length of travel and qu arantine restrictions im posed by governments of affected countries. In
addition, a significant outbreak of contagious diseases in th e human po pulation could result in a widespread health
crisis that could adv ersely affect the economies and financial markets of m any countries, res ulting in an economic
downturn that could further affect operations and the ability to finance its operation s.