CBLT Provides Clarification of News Release
CBLT PROVIDES CLARIFICATION OF NEWS RELEASE
(Burlington, ON. April 19, 2023) (CBLT: TSX-V). CBLT Inc (“CBLT”) wishes to provide
clarification to its news release of April 13, 2023 wherein CBLT announced the sale of
3,315,084 common shares of Ciscom Corporation (“Ciscom”).
CBLT wishes to clarify that the news release of April 13, 2023 did not intend to imply additional
risk with respect to Ciscom’s receipt for its final prospectus from the Ontario Securities
Commission (“OSC”).
As a result of the payment of the announced dividend in the form of Ciscom shares following the
receipt for its final prospectus from the OSC, the benefit of owning shares of Ciscom directly
will accrue to the shareholders of CBLT.
“CBLT wishes Ciscom’s management future success in their efforts to execute Ciscom’s
business plan for the benefit of its shareholders” said Peter M. Clausi, CBLT’s CEO.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither TSX Venture Exchange nor its Regulation Services Provider (as 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 expectation
of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects",
"anticipates", "estimates", “should”, "continues" 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, forward-looking statements include assumptions and are subject to inherent risks and uncertainties
that could cause actual future results, conditions, actions or events to differ materially from those in the forward-
looking statements. If and when forward-looking statements are set out in this new release, CBLT will also set out
the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly
required by applicable securities laws, CBLT assumes no obligation to update or revise any forward-looking
statements. The future outcomes that relate to forward-looking statements may be influenced by many factors,
including but not limited to; SARS-CoV-2; reliance on key personnel; the performance of the Ciscom Corp.
leadership team; shareholder and regulatory approvals; First Nations and other local communities; jurisdictional
risk; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of
securities; commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs related
to inflation; effect of market interest on price of securities; failing to identify an economically viable mineral
deposit; and, potential dilution.
CBLT’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a
contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately
predict the impact COVID-19 will have on operations and the ability of others to meet their 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 quarantine restrictions imposed by governments of affected countries. In
addition, a significant outbreak of contagious diseases in the human population could result in a widespread health
crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic
downturn that could further affect operations and the ability to finance its operations.