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Enter Symbol
or Name
USA
CA



Colt Resources Inc
Symbol GTP
Shares Issued 173,632,915
Close 2014-12-18 C$ 0.05
Market Cap C$ 8,681,646
Recent Sedar Documents

ORIGINAL: Colt Resources now held 9.64% by DSM Resources

2014-12-19 10:54 ET - News Release

Received by email:

File: News Release SDC_DSM - Dec  19 2014.pdf

                                                   PRESS RELEASE

December 19, 2014

DSM Resources Corp. (the "Corporation") announced today that it has acquired from Spektra Drilling Canada Inc.
("SDC") 6,250,000 Common Shares of Colt Resources Inc. ("CRI") and 10,500,000 units of securities (the "Units") of
CRI, with each Unit comprised of one Common Share and one share purchase warrant (a "Warrant") of CRI. Each
Warrant entitles the Corporation to acquire one Common Share of CRI at an exercise price of CDN $0.26 on or
before August 7, 2016.

The 16,750,000 Common Shares of CRI now owned by the Corporation represent approximately 9.64% of the issued
and outstanding Common Shares of CRI (before the exercise of the Warrants). If the Corporation exercised all of its
Warrants, the Corporation will own a total of 27,250,000 Common Shares of CRI, representing approximately 14.8%
of the issued and outstanding Common Shares of CRI.

The acquisition of the Common Shares and the Units of CRI by the Corporation from SDC was completed by way of
a private transaction.

The 6,250,000 Common Shares and 10,500,000 Units of CRI (collectively, the "Acquired Securities") were acquired
by the Corporation for investment purposes. The Corporation may, in the future, increase or decrease its ownership
of securities in CRI, directly or indirectly, from time to time depending upon the business and prospects of CRI, futu
--->re
market conditions and the Corporation's investment objectives.

The Corporation purchased the Acquired Securities for the following amounts:

          the 6,250,000 Common Shares of CRI at US $0.40 per Common Share. Based on the Bank of Canada
          noon exchange rate on December 18, 2014, the price per Common Share is CDN $0.46; and

          the 10,500,000 Units at a price of CDN $0.21 per Unit.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of securities in the 
--->United
States. The common shares have not been and will not be registered under the United States Securities Act of 1933,
as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.

For Further Information or a copy of the Early Warning Report:

Colt Resources Inc.                                            DSM Resources Corp.
606 Cathcart Street, Suite 330                                 Suite 5600,100 King Street West
Montreal, Quebec H3B 1K9                                       Toronto, Ontario M5X 1C9
David Johnson                                                  Kerem Usenmez
(514) 843-7178                                                 (416) 644-5096
 


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