Business
CBLT Dividend of Ciscom Shares
Burlington, Ontario--(Newsfile Corp. - June 16, 2023) - At the request of its regulatory body, CB...
About this update from Cblt Inc
[{"type":"text","content":"CBLT Dividend of Ciscom SharesBurlington, Ontario--(Newsfile Corp. - June 16, 2023) - At the request of its regulatory body, CBLT Inc. (TSXV: CBLT) (\"CBLT\" or \"the Company\") is re-setting the declaration, record and payment dates for the dividend of its securities in investee Ciscom Corp. (\"Ciscom\").The declaration date is June 16, 2023. The record date shall be June 23, 2023 after market close. The payment date shall be June 28, 2023.For every CBLT share held, each CBLT shareholder will receive 0.011815 Ciscom share, which means for every 84.64119222 CBLT shares held, each CBLT shareholder will receive one Ciscom share. Fractional dividends will not be paid.As per Ciscom's prospectus, a copy of which can be found at Ciscom's SEDAR page, Ciscom's unaudited total revenue for the three-month period ended March 31, 2023 was $7,253,560 (page 371 of the prospectus).Ciscom has two subsidiaries. Quoting from the prospectus, the subsidiaries, \"…are technology driven direct marketing organizations that have developed unique proprietary software applications which enables the processing of big data very efficiently.\"CBLT also advises it paid total cash compensation of $30,000 for the acquisition of the Falcon Gold property, previously announced June 5, 2023. No securities were issued, no insiders were involved, and no finders fees were paid in relation to that transaction.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 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-look...