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.