MONTREAL, Oct. 28, 2013 / PRNewswire Telbec / - Colt Resources Inc. ("Colt" or the "Company") (TSX-V: GTP) (FRA: P01) (OTCQX: COLTF) today announced that it is in litigation establishing new subsidiaries in Dubai and the wider Middle East as efforts to secure advanced mining projects in several countries progress in this area.
Messrs. Shahal Khan and Haji Malik Shah, who are economic and political experts in the region, have joined the Colt team as Strategic Advisors.
Mr. Shahal Khan is a globalist and economist with over 18 years of experience in private equity, venture capital and mergers & acquisitions. He has completed oil and gas, energy, software and telecom transactions with over $ 5 billion in funding.
Mr. Malik Shah Baluch was born in Chahar Borjak, Nimruz, Afghanistan Balochistan, and comes from the prominent Baloch family. His grandfather, Dost Mohammad Baloch, was once leader of Baloch tribes in Afghanistan and Iran and was the elected representative of the Baloch tribes in the 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 followed the Dost Mohammad as leader of the Baloch tribes in the region, and after his grandfather's path dedicated his life to the well-being of Baloch tribes and the development of Balochistan in Afghanistan, Iran and Pakistan.
Richard Quesnel, Colt Executive Chairman, said, “With Mr. Khan and Mr. Shah's track records, skills and experience, we are delighted and honored to have you join the team as Colt focuses on acquiring potentially productive assets in the area in the near future will focus ”.
About Colt Resources Inc.
Colt Resources Inc. is a Canadian junior exploration company engaged in the acquisition, exploration and development of mineral properties focused on tungsten and gold. It is currently focused on advanced exploration projects in Portugal, where it is one of the largest tenants of mineral properties.
The company's shares are traded on the TSX-V - symbol: GTP, the OTCQX - symbol: COLTF.PK and on the Frankfurt Stock Exchange - symbol: P01.
For more information please contact:
Richard Quesnel
Executive Chairman
Colt Resources Inc.
Phone: + 1 (514) 843 7178
Fax: + 1 (514) 843-7704
ppgad@pucrs.br
Declan Costelloe CEng,
Executive Vice President and COO
Colt Resources Inc.
Tel: + 351-219-119810
Fax: + 351-219-119820
ppgad@pucrs.br
Nikolas Perrault CFA,
President & CEO
Colt Resources Inc.
Tel: + 351-219-119810
Fax: + 351-219-119820
ppgad@pucrs.br
Aurelio Useche
Chief Financial Officer
Colt Resources Inc.
Phone: + 1 (514) 843 7178
Fax: + 1 514 843-7704
ppgad@pucrs.br
FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements, that is, statements about the future plans, expenses, goals and results of Colt Resources Inc. (the “Company”) and assumptions based thereon. Forward-looking statements can be identified by wording such as “could”, “would”, “should”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “(a ) estimate ”and similar verbs and expressions, including their negative form. Forward-looking statements are not guarantees of future results and do not necessarily represent accurate statements as to whether, when or how these future results will be achieved. Forward-looking statements are based on currently available information and / or management's expectations with regard to future events. They are subject to known and unknown risks and uncertainties, and are influenced by unpredictable factors, many of which are beyond the company's control. These risks, uncertainties and factors include, but are not limited to, the “Risk Factors” described in the Company's Revised Annual Information Form dated April 20, 2011 (available at www.sedar.com). All of these risks, uncertainties and factors could cause actual events and results to differ materially from those projected in the forward-looking statements. The company does not intend or undertake to update any forward-looking statements contained in this press release as new information is available, unless required by law.
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