CB GOLD INC. ("CBJ")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: August 10, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue a total of 1,866,000 common shares to titleholders of San Bartolo, San Alfonso and La Triada mineral titles in Vetas, Santander District, Colombia. The share consideration originates from the acquisition contracts dated back on October 20, 2010, October 27, 2011 and December 16, 2011 and the total number of shares issuable has been since amended from 2,700,00 shares to 1,700,000 shares. The current share consideration of 1,866,000 is a result of re-negotiation which is effective in May 2015. There will be cash consideration payable to titleholders in the amount of US$1,742,000, reduced from US$3,200,000 under the original agreements. Please refer to the Company's news release dated August 7, 2015.
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