- Ciscom Corp has advised CBLT (CBLT) that Ciscom has completed its previously announced acquisition of Prospect Media Group (PMG)
- CBLT Inc. owns 4,215,116 common shares of Ciscom Corp., or roughly 8.2 per cent of Ciscom’s outstanding shares
- This is the second acquisition executed by Ciscom
- PMG is an AdTech-driven organization that has developed unique proprietary software applications which enable the efficient processing of big data
- CBLT Inc is a Canada-based mineral exploration company engaged in the business of acquiring, exploring, and dealing with mineral properties
- CBLT Inc. was unchanged at C$0.035 at 9:46 AM ET
Ciscom Corp has advised CBLT (CBLT) that Ciscom has completed its previously announced acquisition of Prospect Media Group (PMG).
CBLT Inc. owns 4,215,116 common shares of Ciscom Corp. or roughly 8.2 per cent of Ciscom’s outstanding shares.
This is the second acquisition executed by Ciscom.
Ciscom was able to source equity and bank financing to effect the PMG acquisition.
Ciscom has advised its current round of equity financing was carried out at $0.55 cents per share and has advised it has 50,850,296 shares outstanding.
PMG, which has its headquarters in Ontario, is an AdTech-driven organization that has developed unique proprietary software applications which enable the efficient processing of big data.
Ciscom has received a receipt for its preliminary prospectus from the Ontario Securities Commission and advises it is working towards obtaining a receipt for a final prospectus.
As earlier announced, CBLT has declared a dividend of 900,032 of its Ciscom shares back to its shareholder base.
For every 84.6 CBLT shares held, each CBLT shareholder will receive one Ciscom share.
Fractional dividends will not be paid. Such dividends will be paid to the CBLT shareholders after Ciscom obtains a receipt for its final prospectus.
Following the payment of the dividend, CBLT will retain the remaining 3,315,084 Ciscom shares for its corporate purposes.
CBLT Inc is a Canada-based mineral exploration company engaged in the business of acquiring, exploring, and dealing with mineral properties.
CBLT Inc. was unchanged at C$0.035 at 9:46 AM ET.
