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Last C$0.19 CAD
Change Today +0.015 / 8.82%
Volume 39.5K
GTP On Other Exchanges
As of 3:44 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

colt resources inc (GTP) Snapshot

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52 Week High
05/11/15 - C$0.30
52 Week Low
12/15/14 - C$0.05
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colt resources inc (GTP) Details

Colt Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, Portugal, and the Middle East. It primarily explores for gold and tungsten properties. The company’s principal projects include the Boa Fé gold project, which covers an area of 46.78 square kilometers situated in the Alentejo region of southern Portugal; and the Tabuaço tungsten project that covers an area of 45.13 square kilometers in north-eastern Portugal. Colt Resources Inc. was incorporated in 2000 and is headquartered in Montreal, Canada.

Founded in 2000

colt resources inc (GTP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$12.5K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: C$213.1K
Compensation as of Fiscal Year 2013.

colt resources inc (GTP) Key Developments

Colt Resources Seeks Acquisitions

Colt Resources Inc. (DB:P01) will use the proceeds of $30 million from an option agreement to assist in the implementation of Colt's growth strategy, through increased participation in Colt Resources Middle East, other potential acquisitions, or otherwise, as well as for general corporate and working capital purposes. The option agreement gives Colt a right to issue and sell CITC-GEM Ltd, certain common stock of Colt for up to $30 million.

Colt Resources Mulls Acquisitions

Colt Resources Inc. (DB:P01) is seeking acquisitions. Colt Resources Inc. has closed a private placement for an aggregate consideration of approximately CAD 2.5 million. "A portion of the proceeds from this financing is also being earmarked for strategic acquisition purposes," said Nikolas Perrault, President and Chief Executive Officer of Colt Resources.

Colt Resources Inc. Auditor Raises 'Going Concern' Doubt

Colt Resources Inc. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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