CBLT Inc (CBLT)

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Green Swan Capital arranges $350,000 private placement

Mr. Peter Clausi reports

GREEN SWAN HARD DOLLAR AND FLOW-THROUGH FINANCING

Green Swan Capital Corp. intends to complete a non-brokered private placement of up to 3,333,333 common units and up to 416,667 flow-through units, at nine cents per common unit and 12 cents per flow-through unit, for gross proceeds of $350,000. Where applicable, a fee may be paid to registrants of 8 per cent cash and 8 per cent in broker warrants.

Each common unit consists of one common share and one common share purchase warrant, with each warrant having a 12-month term and being exercisable at 13 cents. Each flow-through unit consists of one common share and one warrant.

Green Swan also announces that two arm's-length creditors have agreed to convert $30,473.25 of debt into common units, resulting in the issuance of 338,592 common units.

The above transactions are subject to regulatory approval.

The debenture announced June 22, 2016, has been converted by its arm's-length holder in accordance with its terms. Prior regulatory approval was obtained for this conversion.

The net proceeds from the equity financing will be used for working capital purposes and exploration activities primarily on Green Swan's cobalt/gold property in Sudbury, Ont. Green Swan is on schedule to carry out a short diamond drill program on that property in mid-November, 2016. Green Swan expects to imminently be provided with the assay results from its latest round of surface and chip samples, and will release them as soon as possible.

About Green Swan Capital
Green Swan Capital is a Canadian mining company targeting cobalt in Ontario.