CBLT Provides Details of Debt Conversion
CBLT: TSX-V
CBLT PROVIDES DETAILS OF DEBT CONVERSION
Burlington, ON. October 10, 2017. CBLT Inc. (the “ Company ” or “ CBLT ”) (TSXV:CBLT)
announces an arm's length creditor of the Company h olding $6,023.52 of debt in the aggregate
has agreed to convert the debt into Common Share Un its, which would result in the issuance of a
total of 75,294 Common Share Units (the “ Debt Conversion ”).
Regulatory approval will be required for the Debt Conversion.
CBLT continues to build its impressive portfolio of assets in mining-friendly jurisdictions,
including its main Sudbury gold/cobalt asset, Dryde n Cobalt, Otto Lake, Chilton Cobalt, Geneva
Lake, Ryliejack and Mikayla.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they
relate to the Company 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", "continues"
and similar expressions. Although management belie ves that the expectations represented in such
forward-looking statements are reasonable, there ca n be no assurance that they will prove to be
correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks
and uncertainties that could cause actual future re sults, conditions, actions or events to differ
materially from those in the forward-looking statem ents. If and when forward-looking statements are
set out in this new release, the Company will also set out the material risk factors or assumptions
used to develop the forward-looking statements. Exc ept as expressly required by applicable
securities laws, the Company assumes no obligation to update or revise any forward-looking
statements. The future outcomes that relate to forw ard-looking statements may be influenced by
many factors, including, but not limited to: relian ce on key personnel; risks of future legal
proceedings; income tax matters; availability and terms of financing; distribution of securities; effect
of market interest rates on price of securities, and potential dilution.
About CBLT Inc.
CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting
cobalt in reliable mining jurisdictions. The Compan y is well-poised to deliver real value to its
shareholders.
On Behalf of the Board of Directors
CBLT INC.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 905-681-1925
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.