CBLT Provides Details of Debt Conversion
CBLT: TSX-V
CBLT PROVIDES DETAILS OF DEBT CONVERSION
Burlington, ON. June 26, 2020. CBLT Inc. (the “ Company” or “ CBLT”) (TSXV:CBLT)
announces an update to the press release disseminated June 23, 2020 when it reported that arms-
length and non arms-length creditors of the Company holding $53,650.00 of debt in the
aggregate have agreed to convert such debt into Common Shares, resulting in the issuance of
2,146,000 Common Shares (the “ Debt Conversion”). The conversion is being effected pursuant
to the TSXV Temporary Relief of Policy 4.3 announced on April 8, 2020. The debt to be
converted includes management fees of $48,000 and trade payables of $5,650.
Regulatory approval will be required for the Debt Conversion.
About CBLT Inc.
CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting
cobalt in reliable mining jurisdictions and effecting accretive M&A. The Company 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.
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.
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: closing on the Agreement as described above in a timely manner; Omni Commerce
Corp. and Balmoral Resources Ltd. carrying out mutual due diligence review and closing on their outstanding
agreement affecting Northshore Gold; COVID-19; reliance on key personnel; shareholder and regulatory approvals;
First Nations; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution
of securities; commodities pricing; effect of market interest on price of securities; and, potential dilution. COVID-19
creates risks that at this time are immeasurable and impossible to define.