CBLT Updates Financing
CBLT announces a $50,000 non-brokered unit financing for working capital, with management participation under MI 61-101 exemptions.
Rhea-AI Summary
CBLT (CBBLF) plans a non-brokered private placement of Units for gross proceeds of $50,000, with pricing and terms announced for the financing.
Each Unit will be priced at $0.05 and will consist of one common share and one common share purchase warrant exercisable at $0.06 for 24 months. Proceeds are earmarked for working capital, and closing remains subject to regulatory approval. Management will participate, and the company is relying on exemptions from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 because the fair market value of management participation is represented as less than 25% of CBLT’s current market capitalization.
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Burlington, Ontario--(Newsfile Corp. - September 17, 2026) - CBLT Inc. (TSXV: CBLT) ("CBLT" or the "Company") on August 10, 2026 announced its intention to effect a non-brokered financing of Units in an amount of
Management is participating in this financing. The Company is relying upon exemptions from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 in completing the financing on the basis that the fair market value of such participation is less than
About CBLT Inc. CBLT Inc. (TSXV: CBLT) is a Canadian mineral exploration and M&A company with a proven leadership team. Its portfolio includes active exploration projects across Canada, targeting critical minerals such as lithium, cesium and cobalt, as well as gold and silver.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
pclausi@cbltinc.com
@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 success of the Program; whether the Program will require additional capital to reach its goals; 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314776