Colt Resources Inc. (DB:P01) announced a private placement of up to 2,400,000 units at CAD 0.175 per unit for gross proceeds of approximately CAD 420,000 to Shahab Jaffrey, Chief Executive Officer of the company on November 4, 2015. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one common share at CAD 0.25 per share for a period of three years from the date of issuance.

The securities issued are subject to four month and one day hold period. TSX Venture Exchange has accepted for filing the documentation with respect to The transaction.