Colt Announces Significant Changes in IR and Marketing Strategy Trading Symbols: GTP - (TSX-V) COLTF - (OTCQX) P01 - (FRANKFURT)
MONTREAL, March 18, 2013 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (OTCQX: COLTF) (FRA: P01) announces today a new global Investor Relations and Marketing initiative designed to communicate more broadly and effectively the significant milestones recently achieved by the Company, which have resulted in establishing Colt as a leader in one of Europe's emerging mineral resource markets for gold and tungsten, Portugal.
"The Company has made the decision to immediately terminate all of its current North-American IR and communications relationships and has entered into a comprehensive agreement with Cooper Global Communications, LLC, ("CGC") a New York-based leader in global IR and communication services. The agreement is subject to TSX Venture Exchange approval. This change will provide Colt the opportunity to ensure that its message is more broadly conveyed to financial professionals on a world-wide basis with a principle objective of enhancing shareholder liquidity. Management will actively commit its availability to working with Cooper Global in implementing this re-launching of our IR and Marketing initiatives stated Nikolas Perrault, President and CEO."
In addition to the objectives stated above, this strategic change in Colt's IR and Marketing programs will result in significant cost savings to the Company. In consideration of the services to be provided, the Company has an agreement with CGC that commencing in March, 2013 the Company will pay CGC a monthly retainer of $15,000 USD for fifteen months, which may be cancelled after every 90 days with a 10-day notice.
About Cooper Global Communications, LLC Cooper Global Communications is a boutique investor relations firm dedicated to providing high quality "hands-on" investor relations and media assistance provided by a highly-seasoned team of financial professionals. CGC was founded by Richard Cooper, a highly-respected Wall Street veteran with over three decades of experience in the investor relations industry and as a senior banker at Salomon Brothers Inc. Since its origins in 1990, CGC has achieved unparalleled success with over 250 private and public companies in the U.S. and global markets. CGC does not have any interest, directly or indirectly, in Colt Resources Inc. or its securities.
About Colt Resources Inc. Colt Resources Inc. is a Canadian 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 and development projects in Portugal, where it is one of the largest lease holders of mineral concessions in gold and the largest in tungsten. |