Canadian Junior explorer Colt Resources (CVE:GTP) said on Thursday that it has appointed Arthur Lipper as special advisor to the company’s board of directors.
Lipper, who has served on the boards of privately owned and publically traded companies, brings with him a broad experience as an investment banker, corporate advisor and author.
He founded and co-founded and chaired two institutional New York Stock Exchange member firms which have held memberships in many other stock and commodities futures exchanges.
His previous board memberships and advisory positions include: oil and gas exploration companies, industrial companies and high tech and communications companies.
As an inventor, he is responsible for modernizing mutual fund performance measurement and reporting, institutional stock loans services and stock index funds. He is the author of five books on the subject of entrepreneurship and financing companies.
In 2011, Lipper was awarded U.S. patents covering a means of using royalties in the financing of companies and projects and also one relating to a unique approach to investment portfolio monitoring and management.
"We are very pleased and honored that Arthur has decided to throw his support behind Colt,” said Colt Resources chief executive, Nikolas Perrault.
“I am personally looking forward to working with him and to be able to benefit from the wisdom and experience he brings to us from such a distinguished career," he added.
Colt Resources is a junior exploration company engaged in the exploration and development of mineral properties with an emphasis on gold and tungsten. It is currently focused on advanced stage exploration projects in Portugal, where it is the second largest lease holder of mineral concessions.