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There are a lot of different ways for a company to make money in the junior mining space, for Peter Clausi, CEO of CBLT, it all comes down to acquiring prospective assets at good prices. So it was no surprise that CBLT announced February 8, 2021 that it was buying ground at Shatford Lake, located in the Winnipeg River-Cat Lake pegmatite field in eastern Manitoba near the Ontario border.
CBLT Inc. (TSXV: CBLT) (“CBLT”) announces it has closed on its previously announced purchase of the Shatford Lake property from an arm’s length vendor. CBLT is making plans to substantially advance exploration in 2021 at Shatford Lake, which management believes to be highly prospective for lithium.
CBLT Inc. (TSXV: CBLT) (“CBLT”) has set its exploration goals and budget for the foreseeable future. To fund that budget CBLT announces its intention to effect a non-brokered flowthrough financing in an amount no less than $100,000 (one hundred thousand dollars, resulting in the issuance of one million Flowthrough Units) up to $400,000 (four hundred thousand dollars, resulting in the issuance of four million Flowthrough Units). Each Flowthrough Unit will be priced at $0.10 (ten cents) per Flowthrough Unit and will comprise of one flowthrough share and one full 15-cent warrant with a 24-month term, with each 15-cent warrant being exercisable into a flowthrough common share.
CBLT Inc. (TSXV: CBLT) (“CBLT”) announces it has signed a definitive agreement (the “Agreement”) with Softrock Minerals Ltd. (the “Vendor”) for the purchase of 100% of the Shatford Lake property in mining-friendly Manitoba. Management believes Shatford Lake to be highly prospective for lithium.
CBLT Inc. (TSXV: CBLT) (“CBLT”) announces it has closed on its previously announced intention to effect a flowthrough financing in an amount of $53,202 (fifty-three thousand two hundred and two dollars) by issuing 886,700 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit. Each Flowthrough Unit comprises of one flowthrough share and one full 9-cent warrant with a 24-month term, with each 9-cent warrant being exercisable into a flowthrough common share. A finder’s fee equal to $1,974 was paid to a registrant related to this financing.