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CBLT Announces Declaration of Dividend of PowerStone Metals Common Shares
Burlington, Ontario--(Newsfile Corp. - March 7, 2023) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces...
About this update from Cblt Inc
[{"type":"text","content":"CBLT Announces Declaration of Dividend of PowerStone Metals Common SharesBurlington, Ontario--(Newsfile Corp. - March 7, 2023) - CBLT Inc. (TSXV: CBLT) (\"CBLT\") announces that it has declared a dividend (the \"Dividend\") of some of the common shares (the \"Shares\") it owns in PowerStone Metals Corp. (\"Powerstone\"), a British Columbia corporation which is a reporting issuer in the Provinces of British Columbia and Alberta. The Dividend consists of 750,000 (seven hundred and fifty thousand) Shares to be paid to CBLT shareholders on a pro rata basis. The Record Date for the Dividend is 4:00 PM Toronto time on March 8, 2023. The Payment Date for the Dividend will likely occur on or about March 10, 2023.Powerstone has expressed its intention to have its common shares listed on a recognized Canadian stock exchange, although there is no guarantee that such listing will take place. CBLT understands that Powerstone is taking reasonable steps to achieve this goal in the near future having had its final prospectus receipted by the British Columbia Securities Commission on March 6, 2023 and receiving conditional approval from the Canadian Securities Exchange for the listing of its shares on March 1, 2023. Powerstone has expressed its intention to actively work the Chilton Cobalt property in Quebec, which it has under option from CBLT.CONTACT INFORMATIONPeter M. ClausiCEO and Director1 416 890 [email protected]@ClausiPeterNeither 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, its management and statements made to CBLT from Powerstone. 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 state...