GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, Oct. 28, 2013 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF)
announces today that it is in the process of establishing new
subsidiaries in Dubai and in the Greater Middle East as its efforts for
securing advanced stage mining projects in multiple jurisdictions in
the area are progressing.
Messrs. Shahal Khan and Haji Malik Shah, who are business and political
experts in the region, have joined the Colt team as Strategic
Mr. Shahal Khan is a globalist, economist with over 18 years of
experience in private equity, venture capital and mergers and
acquisitions. He has completed transactions in oil & gas, energy,
software and telecom, closing over $5 billion in funding.
Mr. Malik Shah Baluch was born in Chahar Borjak, Nimruz, in
Afghanistan's Balochistan, to a prominent Baloch tribal family. His
grandfather, Dost Mohammad Baloch, was a leader of Baloch tribes in
Afghanistan and Iran and was the elected representative of the Baloch
people in Afghan National Assembly for forty years during the reign of
Zahir Shah and later Davood Khan. After his death and that of his
father, Malik Shah succeeded Dost Mohammad as a leader of the Baloch
tribes in the region, and following his grandfather's path he devoted
his life to the wellbeing of Baloch people and the development of
Balochistan in Afghanistan, Iran and Pakistan.
Richard Quesnel, Colt's Executive Chairman stated, "With Mr. Khan and
Mr. Shah's track records, skill sets and experiences, we are pleased
and honored to have them join the team while Colt is focusing on
acquiring potentially near term production assets in the region".
About Colt Resources Inc.
Colt Resources Inc. (www.coltresources.com) is a Canadian mining exploration and 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 projects in Portugal, where it is one of the largest
lease holders of mineral concessions.
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 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.
For further information:
Colt Resources Inc.
Tel: +1 (514) 249-6320
Fax: +1 (514) 843-7704
Nikolas Perrault, CFA
President & CEO
Colt Resources Inc.
Fax: +1 (514) 635-6100
Declan Costelloe, CEng
Executive Vice President & COO
Colt Resources Inc.