Trading Symbols:
GTP - (TSX-V)
COLTF - (OTCQX)
P01 - (FRANKFURT)
MONTREAL,
March 18, 2013 /PRNewswire/ - Colt
Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (OTCQX: COLTF)
(FRA: P01) announces today a new global Investor Relations and
Marketing initiative designed to communicate more broadly and
effectively the significant milestones recently achieved by the
Company, which have resulted in establishing Colt as a leader in
one of Europe's emerging mineral
resource markets for gold and tungsten, Portugal.
"The Company has made the decision to
immediately terminate all of its current North-American IR and
communications relationships and has entered into a comprehensive
agreement with Cooper Global Communications, LLC, ("CGC") a
New York-based leader in global IR
and communication services. The agreement is subject to TSX Venture
Exchange approval. This change will provide Colt the opportunity to
ensure that its message is more broadly conveyed to financial
professionals on a world-wide basis with a principle objective of
enhancing shareholder liquidity. Management will actively commit
its availability to working with Cooper Global in implementing this
re-launching of our IR and Marketing initiatives stated
Nikolas Perrault, President and
CEO."
In addition to the objectives stated above, this
strategic change in Colt's IR and Marketing programs will result in
significant cost savings to the Company. In consideration of the
services to be provided, the Company has an agreement with CGC that
commencing in March, 2013 the Company will pay CGC a monthly
retainer of $15,000 USD for fifteen
months, which may be cancelled after every 90 days with a 10-day
notice.
About Cooper Global Communications,
LLC
Cooper Global Communications is a boutique investor relations firm
dedicated to providing high quality "hands-on" investor relations
and media assistance provided by a highly-seasoned team of
financial professionals. CGC was founded by Richard Cooper, a highly-respected Wall Street
veteran with over three decades of experience in the investor
relations industry and as a senior banker at Salomon Brothers Inc.
Since its origins in 1990, CGC has achieved unparalleled success
with over 250 private and public companies in the U.S. and global
markets. CGC does not have any interest, directly or indirectly, in
Colt Resources Inc. or its securities.
About Colt Resources Inc.
Colt Resources Inc. is a Canadian development company engaged in
acquiring, exploring, and developing mineral properties with an
emphasis on gold and tungsten. It is currently focused on advanced
stage exploration and development projects in Portugal, where it is one of the largest lease
holders of mineral concessions in gold and the largest in
tungsten.
The Company's shares trade on the TSX‐V, symbol:
GTP; the OTCQX, symbol: COLTF, and the Frankfurt Stock Exchange,
symbol: P01.
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 annual information form 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.
