Trading Symbols: |
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 Advisors.
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.