DGAP-News

Cruz Capital Corp Sells One of its Cobalt Assets for Shares

DGAP-News: Cruz Capital Corp. / Key word(s): Miscellaneous
Cruz Capital Corp Sells One of its Cobalt Assets for Shares

06.10.2016 / 09:01
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - October 6, 2016) - Cruz
Capital Corp (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) is pleased to
announce that Cruz has sold one of its cobalt assets for shares. Cruz,
through its holdings in a Idaho Cobalt Company has sold its interest to
Scientific Metals Corp for 2,000,000 shares of Scientific. This is the
first transaction that Cruz has participated in to date. The transaction
has been approved already and the shares have been issued to Cruz.

James Nelson, President of Cruz states, 'We are very pleased to have sold
one of our cobalt assets. This transaction will enable Cruz to create added
capital to the company with no dilution to the shareholders. We are very
bullish on the cobalt sector and are very optimistic regarding what
Scientific will be able to accomplish on their property thus benefiting
both companies' shareholders.'

Cruz is also proposing a Forward Split subject to acceptance by the TSX
Venture Exchange. The ratio being proposed will be 3-1. For example this
means that if you are shareholder of record of 10,000 shares you would then
hold 30,000 shares upon completion and approval of the split. Subject to
such approval, the Company has set the close of business on November 7,
2016 as the record date for the Forward Split and November 9, 2016 as the
effective date of the Forward Split. Management feels that this split will
be a positive event for the company as this will enable greater liquidity
for the shareholders, thus enabling a more transparent and consistent
market.

Cruz is actively engaged in acquiring and developing Cobalt assets in North
America. Cruz has acquired numerous high grade cobalt assets located in
North America. Seven cobalt projects are in Canada and one in Idaho. The
goal of the company is to make Cruz the foremost cobalt project generator
and developer on the TSX Venture Exchange. Management feels that cobalt is
at the early stages of a significant bull market and we are pleased to be
positioning Cruz at the forefront of this cycle.

If you would like to be added to Cruz's email list please send an email to
[e-mail] or twitter @CruzCapitalCorp [url:
https://twitter.com/cruzcapitalcorp]

James Nelson
President
604.899.9150
www.cruzcapitalcorp.com
twitter @CruzCapitalCorp [url: https://twitter.com/cruzcapitalcorp]

This press release contains forward-looking information that involves
various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based
on current expectations involving a number of risks and uncertainties and
are not guarantees of future performance of Cruz, such as statements that
Cruz: (i) intends to undertake a forward split of its common shares; (ii)
the record date for such split will be November 7, 2016; and (iii) the
effective date of such split will be November 9, 2016. There are numerous
risks and uncertainties that could cause actual results and Cruz's plans
and objectives to differ materially from those expressed in the
forward-looking information, including the TSXV not approving the forward
split or delays caused in obtaining such approval. Actual results and
future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates
they are made and are expressly qualified in their entirety by this notice.
Except as required by law, Cruz does not intend to update these
forward-looking statements.

Neither 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


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/22900

News Source: Newsfile


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06.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Cruz Capital Corp.


Canada
ISIN: CA22888P1053


End of News DGAP News Service
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509215 06.10.2016