CBLT Provides Corporate and Exploration Update
CBLT Inc. (TSXV: CBLT) provides an update on its corporate and exploration activities.
Tag: TSXV:CBLT
CBLT Updates M&A and Announces Warrants Expiry
On March 1, 2021 CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had reached a meeting of the minds with an arm’s length third party for CBLT to acquire a greenfield Ontario mining asset that is prospective for some of the battery metals. Since then CBLT’s due diligence review showed two additional arm’s length parties having an ownership interest in that property. CBLT has entered into good faith discussions with those additional parties and has a reasonable expectation it will be able to convert those discussions into a binding agreement. There are no assurances that the parties will be able to reach a definitive agreement, or that the contemplated transaction would close as contemplated or at all.
CBLT Closes on Flowthrough Financing
On February 15, 2021, CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had set its exploration goals and budget for the foreseeable future. To fund that budget CBLT announced an intention to effect a non-brokered flowthrough financing in an amount no less than $100,000. CBLT announces it has closed on $232,830.00 (two hundred thirty-two thousand eight hundred and thirty dollars) in flowthrough financing, resulting in the issuance of 2,328,300 Flowthrough Units. Each Flowthrough Unit was priced at $0.10 (ten cents) 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. This financing is subject to stock exchange approval.
CBLT Announces Flowthrough Financing and Exploration Plans
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 Acquires Shatford Lake for Lithium and Provides Corporate Plan for 2021
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 Closes Financing
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.