Colt Resources Updates Private Placement

Colt Resources Inc. (GTP.V) said that it expects the final portion of the private placement with the previously-announced, Asian-based strategic investor to be concluded on or about April 18, 2013.

The company has received an executed subscription agreement for $5 Million from an investor which is a newly constituted Hong Kong-based resource investment fund, along with written confirmation this week that funds are expected shortly. The investor said the delay was administrative in nature and as a result of the Chinese New Year Holidays and the recent major elections in China.

Colt also announced that it plans to release a Preliminary Economic Analysis for its Boa Fe gold mining project towards the end of April, followed by a PEA on its Tabuaco tungsten project in May.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.