Trading Symbols:
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL,
June 15, 2012 /PRNewswire/ - Colt
Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01)
(OTCQX: COLTF) is pleased to announce the completion of its 2012
Annual General Meeting ("AGM"). Shareholders re-elected Messrs.
Jean Depatie, James Ladner, Donald
J.P. Ziraldo, Nikolas
Perrault, Aurelio Useche,
David A. Johnson, and Declan Costelloe as directors of Colt as well as
elected Mr. J. Wayne Murton, a
professional geologist, to complete the Board of Directors. Mr.
Jean Depatie was subsequently
re-appointed as Chairman of the Board.
Following the AGM, the Company is also pleased
to confirm the re-appointment of Mr. Nikolas Perrault as President and Chief
Executive Officer, Mr. Declan
Costelloe as Executive Vice President and Chief Operating
Officer, Mr. Aurelio Useche as Chief
Financial Officer and Mr. David A.
Johnson as Chief Legal Officer and Corporate Secretary of
the Company.
Investor Relations Update
Colt is also pleased to announce that it has
retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills
Capital"), located in California,
to act as investor relations consultants to support the Company
with its U.S. investor relations' efforts. Cliff Mastricola is the principal of Torrey
Hills Capital and will be responsible for activities related to
Colt.
Torrey Hills Capital is a leading investor and
financial public relations firm specializing in small and micro-cap
companies, primarily in the natural resource sector. Torrey Hills
Capital will increase awareness about Colt through its established
relationships with investment professionals, investment advisors,
and money managers focused on the microcap market space. This will
allow the Company to build and maintain an informed investor
audience in both the U.S and Canadian marketplaces.
Torrey Hills Capital will also develop a profile
on Colt for coverage on its website, www.babybulls.com, a website
developed to showcase and provide exposure for emerging micro-cap
companies to an audience of proven micro-cap investors.
"As the largest lease holder of mineral
concessions in Portugal, Colt
Resources is aggressively developing its gold and tungsten assets,"
commented Cliff Mastricola,
President of Torrey Hills Capital. "We are confident in
management's ability to create value and are excited to partner
with the Company to introduce the story to the investment
community."
Torrey Hills Capital has been engaged on a
month-by-month basis at a monthly fee of US$7,000. Torrey Hills Capital, through its
officers, directors, employees, and consultants, currently controls
approximately 100,000 common shares of the Company. The
appointment of Torrey Hills
Capital as an investor relations consultant of Colt remains subject
to regulatory acceptance of the TSX Venture Exchange.
About Colt Resources Inc.
Colt Resources Inc. is a Canadian junior
exploration company engaged in acquiring, exploring, and developing
mineral properties with an emphasis on gold and tungsten. It
is currently focused on advanced stage exploration projects in
Portugal, where it is the largest
lease holder of mineral concessions.
The Company's shares trade on the TSX‐V, symbol:
GTP; the Frankfurt Stock Exchange,
symbol: P01; and, the OTCQX, symbol: COLTF.
FORWARD-LOOKING STATEMENTS: Certain of the
information contained in this news release may contain
"forward-looking information". Forward-looking information and
statements may include, among others, statements regarding the
future plans, costs, objectives or performance of Colt Resources
Inc. (the "Company"), or the assumptions underlying any of the
foregoing. In this news release, words such as "may", "would",
"could", "will", "likely", "believe", "expect", "anticipate",
"intend", "plan", "estimate" and similar words and the negative
form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. Forward-looking statements and
information are based on information available at the time and/or
management's good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are
beyond the Company's control. These risks, uncertainties and
assumptions include, but are not limited to, those described under
"Risk Factors" in the Company's revised annual information form
dated April 20, 2011 available on
SEDAR at www.sedar.com and could cause actual events
or results to differ materially from those projected in any
forward-looking statements. The Company does not intend, nor does
the Company undertake any obligation, to update or revise any
forward-looking information or statements contained in this news
release to reflect subsequent information, events or circumstances
or otherwise, except if required by applicable laws.
Neither the 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.
SOURCE COLT RESOURCES INC.
