Key Developments: Colt Resources Inc (GTP.V)

GTP.V on TSX Venture Exchange

0.22CAD
22 Jul 2014
Price Change (% chg)

$0.02 (+9.76%)
Prev Close
$0.20
Open
$0.22
Day's High
$0.22
Day's Low
$0.22
Volume
17,000
Avg. Vol
87,627
52-wk High
$0.44
52-wk Low
$0.17

Search Stocks

Latest Key Developments (Source: Significant Developments)

Colt Resources Inc announces completion of infill drilling program at Boa Fé gold project and commences infill and resource expansion drilling at Tabuaço tungsten project
Wednesday, 18 Jun 2014 03:12pm EDT 

Colt Resources Inc:Says completion of infill drilling campaign, at 100 pct controlled Boa Fé gold project located in Southern Portugal.Also commences infill and resource expansion drilling at 100 pct controlled Tabuaço tungsten project located in Northern Portugal.  Full Article

Colt Resources Inc announces initial closing of middle eastern unit financing
Tuesday, 18 Feb 2014 01:00pm EST 

Colt Resources Inc:Says that Colt Resources Middle East (Cayman) (Colt Middle East), its subsidiary which sits atop of the company's Middle Eastern initiatives, has completed an initial closing of its previously announced private placement.Says Colt Middle East will issue 20,666,667 ordinary shares at a price of C$0.15 per share, for net proceeds to the Company of C$3,100,000.Says the company expects to complete a final closing next week.  Full Article

Colt Resources Inc announces financing of middle eastern unit
Wednesday, 22 Jan 2014 08:05am EST 

Colt Resources Inc:Says that Colt Resources Middle East (Cayman), a wholly-owned subsidiary which sits atop of the company's Middle Eastern initiatives, will be effecting a private placement in the amount of up to CDN$4,050,000.Says through the issuance of an aggregate of up to 27,000,000 ordinary shares of its capital at a price of CDN$0.15 per share.Says net proceeds from the Offering will be used for working capital necessary to pursue efforts already underway aimed at securing mining licenses in the Greater Middle East region.  Full Article

Shahab Jaffrey joins Colt Resources Inc as CFO
Wednesday, 4 Dec 2013 05:34pm EST 

Colt Resources Inc:Says Shahab Jaffrey has joined as the company's new Chief Financial Officer.  Full Article

Colt Resources Inc Completes Initial Closing Of Senior Note Financing
Monday, 4 Nov 2013 06:26pm EST 

Colt Resources Inc announced that it has completed an initial closing of USD2.5 Million of its Senior Note Financing previously announced on July 4, 2013 (the Offering). The Offering is managed by TerraNova Capital Partners, Inc. and offered through its broker/dealer subsidiary TerraNova Capital Equities, Inc. (collectively, TerraNova). The Offering resulted in the issuance and sale of ten units consisting of senior notes and warrants (the Units). Each Unit consists of USD250,000 in principal amount of 10% Secured Senior Notes (the Notes) and common share purchase warrants (the Warrants) to purchase up to 555,555 common shares of the Company (the Common Shares). The Warrants entitle their holders to purchase an aggregate of 5,550,000 Common Shares at an exercise price of USD0.45 per Common Share on or before November 1st, 2018. The Warrants are subject, at the Company's discretion, to an accelerated exercise after six months following the last closing of the Offering, if the VWAP of the Common Shares is equal to or greater than USD0.90 for a period of 30 days.  Full Article

Colt Resources Inc Closes USD2.5 Million Private Placement
Wednesday, 16 Oct 2013 07:08pm EDT 

Colt Resources Inc announced that it has completed a non-brokered private placement with an industry player (the Non-Brokered Private Placement). Pursuant to the Non-Brokered Private Placement, the Company has issued 6.25 million common shares at a price of USD0.40 per share, for net proceeds to the Company of USD2.5 million. Proceeds from the Non-Brokered Private Placement will be applied towards feasibility work on both Colt's Boa Fé Montemor gold and Tabuaço tungsten projects in Portugal as well as for general working capital purposes. The common shares issued and sold under the Non-Brokered Private Placement will be subject to a four-month hold period in accordance with Canadian securities laws.  Full Article

Colt Resources Inc Announces Closing Of $5 million Private Placement With Hong Kong Based Worldlink Resources Ltd
Wednesday, 24 Jul 2013 03:08pm EDT 

Colt Resources Inc announced that it has completed a private placement consisting of 14,285,715 Units at a price of $0.35per Unit for total gross proceeds of $5,000,000.25 (the Non-Brokered Private Placement). This placement has been fully subscribed for by one investor, namely Hong Kong based Worldlink Resources Ltd.(Worldlink) which shares certain senior management with Worldlink (Canada) Resources Ltd. Each Unit is comprised of one common share and one fourth (¼) of one Warrant. Each whole Warrant will be exercisable at a price of $0.45 during a period of 60 months from the closing date of the Private Placement. The majority of the net proceeds from the Non-Brokered Private Placement will be applied towards securing additional near term production assets and for general corporate working capital purposes. No finders or agency fees will be paid in relation to this placement. Colt has also as part of this placement granted a right of first refusal to Worldlink by which it has the option to maintain proportionate interest in the company in any subsequent equity financings.  Full Article

Colt Resources Inc Announces Senior Note Financing
Thursday, 4 Jul 2013 05:56pm EDT 

Colt Resources Inc announced that it intends to sell, on a private placement basis, a minimum of ten and a maximum of sixty units consisting of senior notes and warrants, for gross proceeds to the Company of a minimum of $2,500,000 and a maximum of $15,000,000. Each Unit consists of $250,000 in principal amount of 10% Secured Senior Notes and common share purchase warrants to purchase up to 555,555 common shares of the Company. The Offering will be managed by TerraNova Capital Partners, Inc. and offered through its broker/dealer subsidiary TerraNova Capital Equities, Inc. Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.45 per Common Share on or before five years from the date of the first closing of the Offering. The Warrants will be subject, at the Company's discretion, to an accelerated exercise after six months following the last closing of the Offering if the VWAP of the Common Shares is equal to or greater than 200% of the exercise price of the Warrants for a period of 30 days. Where appropriate, the Company will pay a placement agent or finders' fee of up to 8% of the gross proceeds from the Offering and issue Common Share purchase warrants equal to up to 8% of the gross proceeds from the Offering divided by the VWAP of the Common Shares for a period of 30 days before their issuance.  Full Article

Colt Resources Inc Announces Appointment Of Richard Quesnel As Executive Chairman Of Board
Wednesday, 26 Jun 2013 05:58pm EDT 

Colt Resources Inc announced the election of Richard Quesnel to the position of Executive Chairman of the Board of Directors following his recent appointment (Press Release dated June 21, 2013). This will allow Mr. Quesnel to expand and develop his role within the Company. Furthermore, following Mr. Jean Depatie's decision to step down from the position of Chairman, he has also decided to step down from Colt's Board of Directors effective immediately.  Full Article

Colt Resources Inc Announces Chairman Change
Friday, 21 Jun 2013 08:45am EDT 

Colt Resources Inc announced that Mr. Richard Quesnel has agreed to accept the position of Chairman of the Board following the decision of Mr. Jean Depatie to step down from this role.  Full Article

Search Stocks