The payment to CBLT is one million (1,000,000) special warrants (the 'Warrants'). It is expected that the Warrants will convert into common shares of the Optionee for no additional consideration at the earlier of (i) the Optionee clearing a prospectus with Canadian securities regulators and becoming a reporting issuer, and (ii)
The Optionee has expressed its intention to have its shares listed on a recognized
'CBLT's receipt of the payment moves Chilton Cobalt closer to further exploration,' said
Chilton Cobalt
Chilton Cobalt consists of nine claims totaling 497 hectares (almost five square kilometers) in
Work carried out by CBLT and reported
Contact:
CEO and Director
T: 1 416 890 1232
E: pclausi@cbltinc.com
Neither
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 performance of the
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.
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