CBLT Inc. (TSXV:CBLT) entered into a binding letter of intent to acquire MacTrack Claims near Sudbury, Ontario for CAD 0.03 million on December 18, 2017. As per the consideration, CBLT will pay CAD 0.01 million in cash and will issue 0.1875 million common shares. CBLT will also grant the vendor a 2% NSR, one-half of which can be repurchased at CBLT's option at any time for CAD 1 million. The purchase price to be paid on the closing subject to regulatory approval for the MacTrack Claims. Closing will take place following the satisfactory completion of legal and technical due diligence. No finder's fee is payable on this transaction. CBLT Inc. (TSXV:CBLT) completed the acquisition of MacTrack Claims near Sudbury, Ontario on January 19, 2018.