GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, Nov. 15, 2011 /CNW Telbec/ - Colt Resources Inc. ("Colt" or
the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to
announce that Mikhail Y. Gurfinkel has accepted to join the Colt
Resources Advisory Board.
"Colt welcomes Mikhail to its Advisory Board. His outstanding
initiative, legal specialization, and background in the global markets
and financial services make him a great addition to our team. We are
looking forward to working closely with Mikhail and to benefit from his
experience and advice. I would like to take this opportunity to state
that we consider ourselves quite privileged at Colt over the last few
years to have been able to attract such a talented, internationally
connected and wonderful group of people" expressed Nikolas Perrault,
CEO of Colt. "It gives me great confidence about the future of our
With 15 years of experience in international capital markets through his
the legal and investment work, Mr. Gurfinkel now brings his knowledge
to the Colt Advisory Board. As Chief Development Officer and Regional
General Counsel for Basic Element, since 2007, he has successfully
managed the New York office of Russia's largest private capital
conglomerate as the sole North American representative. His mandate
includes strategy and investments in energy, infrastructure, and
manufacturing sectors. He specializes in negotiating and structuring
investments and joint venture arrangements, as well as capital raising
and portfolio management. Prior to his role at Basic Element, Mr.
Gurfinkel practiced law for two of the world's largest law firms in New
York City, where he specialized in mergers and acquisitions and capital
markets transactions. Mr. Gurfinkel earned his juris doctor from the
University of California, Boalt Hall School of Law (Berkeley) and his
Bachelor of Arts in Philosophy from the University of Florida.
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 second largest
lease holder of mineral concessions.
SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide
overall technical assistance to Colt in Portugal and will be producing
several NI 43‐101 compliant reports as projects progress (see press
release of January 18, 2011).
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.
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