Trading Symbols:
GTP - (TSX-V)
P01 - (Frankfurt)
COLTF - (OTCQX)
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
MONTREAL, Feb. 6, 2013 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the
"Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce
that it has completed a second portion of the non-brokered private
placement previously-announced on January 7, 2013 by issuing an
aggregate of 2,605,041 common shares at a price of $0.45 per share, for
total gross proceeds to the Company of $1,172,268. The common shares
were issued to a Canadian based institutional investor as well a high
net worth investor from Portugal. To date, Colt has raised total gross
proceeds of $3,872,268 in the private placement.
The Company now expects the total gross proceeds pursuant to the private
placement to be slightly increased from up to $8,000,000 to up to
$8,872,268. The Company expects the final portion of the private
placement with the previously-announced Asian-based strategic investor
to occur on or about February 18, 2013. The Company has received an
executed subscription agreement and a confirmation that funds are to be
expected immediately after Chinese New Year holidays. This final
portion will be under the same terms as the previously-announced
private placement, that is a price of $0.45 per share.
The common shares issued by the Company are subject to a four-month hold
period in accordance with applicable Canadian securities laws.
This press release does not constitute an offer or a solicitation of an
offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws and
may not be offered or sold within the United States unless an exemption
from such registration is available.
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 common 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 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.
