Colt completes closing of a Non-Brokered Private Placement financing
announced on January 15th 2010

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

MONTREAL, Jan. 18 /CNW Telbec/ - On Monday, January 18th, 2010, Colt Resources Inc. ("Colt" or the "Company") is pleased to announce that it has completed the closing of the non-brokered private placement financing announced on January 15th, 2010.

The proceeds of this non-brokered private placement will be used for exploration expenditures on the Company's mineral properties in Portugal and for general working capital expenditures.

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.

%SEDAR: 00015107E

SOURCE Colt Resources Inc.

For further information: For further information: Nikolas Perrault, President & CEO, Colt Resources Inc., (514) 394-0009, Fax: (514) 394-0888, info@coltresources.com; Aurelio Useche, CFO, Colt Resources Inc., (514) 394-0009, Fax: (514) 394-0888, info@coltresources.com

Organization Profile

Colt Resources Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890