Colt Resources Amends Terms to Colt Sale

Company News

Colt Resources Inc. (TSXV:GTP,OTCQX:COLTF) reported that the conditions of the original offer for the sale of the remaining portion of Colt’s CRME investment, Colt, have been renegotiated. The Company will move forward with the sale to Mr. Quesnel for a minimum of 3,000,000 and a maximum of 3,055,000 shares at $0.20 per share resulting in …

Colt Resources Inc. (TSXV:GTP,OTCQX:COLTF) reported that the conditions of the original offer for the sale of the remaining portion of Colt’s CRME investment, Colt, have been renegotiated. The Company will move forward with the sale to Mr. Quesnel for a minimum of 3,000,000 and a maximum of 3,055,000 shares at $0.20 per share resulting in proceeds of $611,000.

As quoted in the press release:

The Company will proceed with the sale to Mr. Quesnel for a minimum of 3,000,000 and a maximum of 3,055,000 shares at $0.20 per share resulting in proceeds of $611,000, securing at least the same proceeds as previously announced on September 11, 2014.