Middle East Initiatives Underway
(firmenpresse) - Middle East Initiatives Underway
Montreal, Quebec, Canada – 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.
For more information contact:
Richard Quesnel
Executive Chairman
Colt Resources Inc.
Tel: +1 (514) 249-6320
Fax: +1 (514) 843-7704
rquesnel(at)coltresources.com
Nikolas Perrault, CFA
President & CEO
Colt Resources Inc.
Tel: +351-219-119810
Fax: +1 (514) 635-6100
nperrault(at)coltresources.com
Declan Costelloe, CEng
Executive Vice President & COO
Colt Resources Inc.
Tel: +351-219-119810
Fax: +351-219-119820
decostelloe(at)coltresources.com
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
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Datum: 29.10.2013 - 09:45 Uhr
Sprache: Deutsch
News-ID 310087
Anzahl Zeichen: 5480
contact information:
Town:
Wien
Kategorie:
Business News
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"Middle East Initiatives Underway
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