Colt Amends terms of Non-Brokered Private Placement



    
    Trading Symbols: GTP - (CNSX)
                     P01 - (FRANKFURT)
    

    MONTREAL, June 18 /CNW Telbec/ - Colt Resources Inc. (the "Company") is
amending the terms of the Non-Brokered Private Placement announced on June 15,
2009. The Company will be issuing up to 9 million Units at $0.11 instead of
shares at $0.10. Each Unit will consist of a share and a half warrant. Each
whole warrant will entitle the holder to purchase an additional share at $0.15
until Jun 30th 2011.
    The Company intends to use the proceeds for exploration expenditures on
the Company's mineral properties in Portugal and for general working capital
expenditures.
    The securities issued pursuant to the private placement will be subject
to a four month hold period and the offering will be subject to normal
regulatory approvals.
    The Company may pay finder's fees in cash of up to 8% of the proceeds.

    Colt is a Canadian based junior mining exploration company with
properties in Canada and Portugal. The Company's shares trade on the Canadian
National Stock Exchange (CNSX) Symbol: GTP and on the Frankfurt Stock
Exchange, Symbol: P01.

    Statements made in this news release that relate to future plans, events
or performances are forward-looking statements. Any statement in this release
containing words such as "believes", "anticipates", "plans", "expects" or
"intends" and other statements that are not historical facts are
forward-looking, and these statements involve risks and uncertainties and are
based on current expectations. Consequently, actual results could differ
materially from the expectations expressed in those forward-looking
statements. The CNSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this news release.




For further information:

For further information: Nikolas Perrault, CFA, President & CEO, Colt
Resources Inc., (514) 501-2985, (514) 394-0009, Fax: (514) 394-0888,
info@coltresources.com; Aurelio Useche, CMA, MBA, CFO, Colt Resources Inc.,
(514) 824-8559, auseche@coltresources.com

Organization Profile

Colt Resources Inc.

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