CBLT completes $389K private placement

pcNewsWireCBLT Inc. (TSX-V: CBLT) has closed previously announced private placement, raising $389,000 and the company also received $74,000 from the exercise of options and warrants.

News Release

CBLT Announces Closing of Financing and Grant of Options

Burlington, Ontario–(Newsfile Corp. – June 26, 2017) – CBLT Inc. (TSXV: CBLT) (the “Company”) announces that it has closed on $389,000 of previously announced financing and has also received $74,000 from the exercise of options and warrants.

CBLT granted a total of 609,000 stock options to consultants and directors, effective June 19, 2017, exercisable at $0.10 cents each and expiring June 18, 2022.

CBLT continues to build its impressive portfolio of assets in mining-friendly jurisdictions, including Copper Prince, Dryden Cobalt, Otto Lake, Chilton Cobalt, Gowganda Cobalt, Geneva Lake, Ryliejack and Mikayla.

About CBLT Inc.

CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. CBLT is well-poised to deliver real value to its shareholders.

On Behalf of the Board of Directors
“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.