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Uranium Properties
- The Company entered into a Property Option Agreement with Diagnos Inc. in respect to two uranium properties in the Province of Quebec. The Company has exercised the option and on February 8, 2008 paid Diagnos $90,000. The Company is obligated to drill at least three exploration holes of not less than 100 ft per hole on each prospect by December 31, 2008. Furthermore, in the event that a favourable feasibility study is completed in respect to each property, then the Company is obligated to issued a number of fully issued and non assessable common shares of the Company, which shall be calcualated by dividing $70,000 by the average closing price of the Company's shares for the 30 days after the completion of such favourable feasibility study, Additionally, the Company has the right to reduce the 2% NSR Royalty to 1% NSR Royalty by making a cash payment of $1,000,000 to Diagnos.
- These properties are located north of Natashquan in the Province of Quebec and cover an area of approximately 5,000 hectares.
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Latest News
October 15, 2008 - COLT CLOSES THE PRIVATE PLACEMENT OF FLOW-THROUGH UNITS ANNOUNCED AUGUST 19, 2008
October 10, 2008 - COLT TO PROCEED WITH A PRIVATE PLACEMENT
October 7, 2008 - COLT APPOINTS NEW DIRECTOR
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Investor Check
Stock Symbol: GTP - CNQ
Industry: Metals and Minerals
Stock Quote: Click to view |
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Uranium Properties
- The Company entered into a Property Option Agreement with Diagnos Inc. in respect to two uranium properties in the Province of Quebec. The Company has exercised the option and on February 8, 2008 paid Diagnos $90,000. The Company is obligated to drill at least three exploration holes of not less than 100 ft per hole on each prospect by December 31, 2008. Furthermore, in the event that a favourable feasibility study is completed in respect to each property, then the Company is obligated to issued a number of fully issued and non assessable common shares of the Company, which shall be calcualated by dividing $70,000 by the average closing price of the Company's shares for the 30 days after the completion of such favourable feasibility study, Additionally, the Company has the right to reduce the 2% NSR Royalty to 1% NSR Royalty by making a cash payment of $1,000,000 to Diagnos.
- These properties are located north of Natashquan in the Province of Quebec and cover an area of approximately 5,000 hectares.
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Download Technical Report March 2008