CBLT Enters LOI to Buy 70% of Werner Lake and Updates Hemlo Operations
Burlington, Ontario--(Newsfile Corp. - November 26, 2020) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has entered into a Letter of Intent (the "LOI") to buy the 70% majority interest in the Werner Lake Copper-Cobalt-Gold Project ("Werner Lake") from Global Energy Metals Corporation ("GEMC"). Readers are directed to GEMC's website for details and documents related to Werner Lake (https://www.globalenergymetals.com/projects/werner-lake-cobalt-project/)."This is an extremely exciting time for...
2020-11-26 8:00 AM EST
CBLT Updates on Omni's Progress at Northshore Gold
Burlington, Ontario--(Newsfile Corp. - September 23, 2020) - As previously announced on August 19, 2020, CBLT Inc. (TSXV: CBLT) ("CBLT") closed the sale of its majority interest in the Northshore Gold Property Joint Venture (the "Property") to Omni Commerce Corp. ("Omni"). CBLT was paid $350,000 in cash and $1,100,000 in common shares of Omni, which shares are subject to a regulatory four month hold and a voluntary escrow agreement providing for staggered releases over the next year. The...
2020-09-23 5:55 PM EDT
CBLT Inc. Provides Exploration and Corporate Updates
Burlington, Ontario--(Newsfile Corp. - September 2, 2020) - CBLT Inc. (TSXV: CBLT) (the "Company" or "CBLT") reports that pursuant to the Annual and Special Shareholder Meeting, which was held in Burlington, Ontario on August 31, 2020, shareholders have voted overwhelmingly in favour of all management resolutions proposed in the Management Information Circular including the re-approval of CBLT's Stock Option Plan, the approval of Wasserman Ramsay Chartered Accountants as CBLT's auditors, the...
2020-09-02 11:39 AM EDT
CBLT Closes on Sale of Northshore Gold
Burlington, Ontario--(Newsfile Corp. - August 19, 2020) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has closed the previously announced sale of its 56% of the Northshore Gold Property Joint Venture (the "Property") to Omni Commerce Corp. ("Omni"), an unlisted reporting issuer in good standing, on substantially the same terms as previously announced. CBLT has been paid $350,000 in cash and $1,100,000 in common shares of Omni, which shares are subject to a regulatory four month hold and a...
2020-08-19 8:00 AM EDT
CBLT Announces Closing of Debt Conversion and Update on Northshore
Burlington, Ontario--(Newsfile Corp. - August 12, 2020) - CBLT Inc. (TSXV: CBLT) (the "Company" or "CBLT") announces the closing of the debt conversion transaction previously announced on June 23, 2020 and June 26, 2020, whereby certain 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 a total of 2,146,000 Common Shares at $0.025 per Common Share. The conversion...
2020-08-12 11:42 AM EDT
CBLT Provides Update on Sale of Northshore Gold
Burlington, Ontario--(Newsfile Corp. - June 25, 2020) - CBLT Inc. (TSXV: CBLT) (the "Company" or "CBLT") announces positive news on the pending sale of its 56% joint venture interest in the Northshore Gold Property, located east of Thunder Bay and west of the Hemlo Gold Camp, in Ontario.On June 1, 2020 CBLT announced it had entered into a definitive agreement to sell its 56% joint venture interest in Northshore Gold (which hosts the Afric Gold Deposit) to Omni Commerce Corp....
2020-06-25 8:30 AM EDT
CBLT Provides Details of Debt Conversion
Burlington, Ontario--(Newsfile Corp. - June 23, 2020) - CBLT Inc. (TSXV: CBLT) (the "Company" or "CBLT") announces 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 Share, which would result in the issuance of a total of 5,365,000 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.Regulatory approval...
2020-06-23 1:03 PM EDT
Northshore Gold Title Consolidated 100%
Burlington, Ontario--(Newsfile Corp. - June 16, 2020) - CBLT Inc. (TSXV: CBLT) ("CBLT") owns 56% of the Northshore Gold Property (the "Property"), under a joint venture agreement (the "JV") with Balmoral Resources Ltd. ("Balmoral"), a wholly-owned subsidiary of Wallbridge Mining Company Limited. On June 1, 2020 CBLT announced it would sell the Property to Omni Commerce Corp. (FRA: 0MZA) ("Omni"), an unlisted reporting issuer in good standing, pursuant to an agreement of purchase and sale (the...
2020-06-16 5:53 PM EDT
CBLT Sells Northshore Gold for Cash and Equity
Burlington, Ontario--(Newsfile Corp. - June 1, 2020) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces that, further to its news release dated April 27, 2020, it has entered into a definitive mineral property purchase and sale agreement dated May 29, 2020 (the "Agreement") with Omni Commerce Corp. (FSE: 0MZA) ("Omni" or the "Company"), an unlisted reporting issuer in good standing. Omni has over one million dollars in its treasury.Omni has agreed to acquire CBLT's right, title and interest in and...
2020-06-01 2:45 PM EDT
CBLT Inc. Corporate Update
Burlington, Ontario--(Newsfile Corp. - October 24, 2019) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces that work continues on CBLT's audited annual financial statements (the "Financial Statements") and management discussion and analysis ("MD&A") for the year ended May 31, 2019. CBLT continues to anticipate that it will be in a position to file the Financial Statements and MD&A on or prior to November 29, 2019.A previously incorporated wholly-owned subsidiary of CBLT has been loaned CDN$50,000...
2019-10-24 1:04 PM EDT
CBLT Acquires Gold Assets in Hemlo
Burlington, Ontario--(Newsfile Corp. - March 19, 2019) - CBLT Inc. (TSXV: CBLT) ("CBLT") is very pleased to announce it has closed on its previously announced purchase of a portfolio of Canadian mining assets (the "Assets") from GTA Financecorp Inc.("GTA") (formerly known as GTA Resources and Mining Inc.). See CBLT's press release of January 21, 2019 for details of the terms of the purchase. The Assets are all located in Canada and all have been explored to some degree."There was much...
2019-03-19 8:00 AM EDT
CBLT Provides Assay Results on Northshore Gold Including 124.50 Metres Grading 1.05 g/t Gold
Burlington, Ontario--(Newsfile Corp. - February 26, 2019) - CBLT Inc. (TSXV: CBLT) ("CBLT") is pleased to provide assay results from the 3-hole diamond drill program carried out at Northshore Gold in December 2018 (the "Program").GTA Resources and Mining Inc. ("GTA") carried out the Program while it was negotiating with various parties for the sale of all its mining assets. GTA and CBLT entered into an agreement whereby CBLT would purchase all of GTA's mining assets, including GTA's 54% joint...
2019-02-26 8:00 AM EST
CBLT Winning Bidder for GTA Resources' Portfolio
Burlington, Ontario--(Newsfile Corp. - January 21, 2019) - CBLT Inc. (TSXV: CBLT) ("CBLT") is pleased to announce it is the winning bidder for a portfolio of Canadian mining assets.Further to the previously announced agreement between them (the "CBLT Agreement"), CBLT has been advised by GTA Resources and Mining Inc. ("GTA") that GTA has not been able to reach acceptable terms with any other bidder for GTA's portfolio of mining assets (the "Assets"), and as a result GTA intends to close...
2019-01-21 8:30 AM EST
CBLT Provides Updates on Contracts
Burlington, Ontario--(Newsfile Corp. - December 24, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has been advised by GTA Resources and Mining Inc. ("GTA") that GTA has received an offer (the "Offer") from an arm's length party with terms that GTA believes are superior to the terms of the previously announced agreement between GTA and CBLT (the "Agreement"), that GTA has accepted such Offer, and GTA is working towards a definitive agreement with that arm's length party. CBLT has...
2018-12-24 10:59 AM EST
CBLT Trenching Returns up to 1.72% Copper, 0.56% Nickel and 0.21% Cobalt on Chilton Property, Quebec
Burlington, Ontario--(Newsfile Corp. - December 19, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") is pleased to report the results of a trenching program recently completed on the 9-claim (497 hectare) Chilton Property located approximately 40 kilometres east of Saint-Jovite in the Laurentian Mountains of Québec, and its intention to carry out a financing.The trenching program was designed to test two surface showings of cobalt-nickel-copper mineralization interpreted to be sites where primary...
2018-12-19 8:15 AM EST
CBLT Reports on Soil Geochemical Survey over EM Anomaly on the Mikayla Project
Burlington, Ontario--(Newsfile Corp. - December 17, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") reports on the successful completion of an orientation geochemical survey on its Mikayla project in south central British Columbia.Discovery Consultants - A Corporate Partnership of Vernon, BC collected a total of 82 soil samples on 200-meter spacings along logging roads in the western project area. The samples were assayed by multi-element ICP (39 elements) at MS Analytical of Langley, BC. The program...
2018-12-17 4:06 PM EST
CBLT Signs Definitive Agreement for GTA Portfolio
Burlington, Ontario--(Newsfile Corp. - November 28, 2018) - Further to its press release of November 26, 2018, CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has signed a definitive agreement (the "Agreement") with GTA Resources and Mining Inc. ("GTA") to buy all the mining assets (the "Assets") owned by GTA.In consideration for the Assets, CBLT will pay $1,050,000 to GTA, by way of 21,000,000 Units to be issued from CBLT's treasury at five cents per Unit. Each Unit will consist of...
2018-11-28 4:05 PM EST
CBLT Improves Offer for GTA Portfolio
Burlington, Ontario--(Newsfile Corp. - November 26, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") announced it had signed a letter of intent (the "Sale Agreement") to buy all the mining assets (the "Assets") owned by GTA Resources and Mining Inc. ("GTA") at a price of $1,050,000, to be paid in 35,000,000 treasury shares of CBLT.After discussions, and in part to account for movements in GTA's and CBLT's respective share prices, GTA and CBLT have agreed to amend the Sale Agreement...
2018-11-26 1:45 PM EST
CBLT Generates Net Profit and Positive Cash Flow
Burlington, Ontario--(Newsfile Corp. - October 24, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") filed at SEDAR its interim financial results for the quarter ended August 31, 2018.CBLT reported a net profit for the quarter, generated positive cash flow, and increased shareholders equity on the balance sheet. Assets increased while Liabilities decreased. These achievements were due in large part to successful M&A activity and decreased G&A."We are very pleased to be able to deliver these positive...
2018-10-24 8:00 AM EDT
CBLT Announces Purchase Agreement to Acquire Mining Portfolio
Burlington, Ontario--(Newsfile Corp. - October 19, 2018) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has reached an agreement (the "Purchase Agreement") to purchase all the mining assets (the "Assets") now owned by GTA Resources and Mining Inc. ("GTA"), a non-arm's length reporting issuer, at a purchase price of $1,050,000 (one million fifty thousand dollars) to be paid through the issuance of 35,000,000 CBLT treasury shares.The Assets are all located in Canada and all have been explored...
2018-10-19 8:00 AM EDT