Colt Resources Inc COLTF

Metals & Mining Industrial Metals & Minerals

Colt Resources Inc is an exploration company engaged in the acquisition, exploration, and development of mineral property interests in Portugal and Canada. The company is focused on its continued exploration and development of its gold and tungsten properties in Portugal. Its project consists of the Alvalade concession project, Boa Fe gold project, and Tabuaco tungsten project. It also owns an interest in the copper-zinc project in the Iberian Pyrite belt in Portugal. The company's other exploration licenses include borba exploration license, cercal exploration license, montemor-o-novo exploration concession, and the santo antonio experimental mining license.

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Colt Resources Inc

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Post by WorldlyTraderon Feb 23, 2012 4:46am

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Post# 19571485

Warrants due in February 2012.

If I have this right from the latest M D & A there are 15,687,999 warrants priced at .45/share that will expire February 26, 2012. I am hoping that all these warrants will all be exercised by that date. The current excellent excellent results on the company's drill programs will hopefully motivate the market to cash in all these warrants.

This could be great boost to the Colt Resources treasury and bankroll the initial NI 43-101 resource estimate for the Montemor gold project.

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