Cott Oil and Gas Limited

From the Prospectus

The Company’s initial focus was oil and gas exploration, with the Company acquiring prospective oil and gas acreage in the  Westralian Superbasin, Papua New Guinea and Indonesia. By the end of 2016, the Company had disposed of all of its oil and gas  interests in these regions. Since the disposal of the Company’s oil and gas assets, the Board has examined a number of new business development opportunities, both within and external to the oil and gas sectors, and has now resolved to focus on opportinites within the mineral resources sector.

View Prospectus

Chairman’s Letter

Dear Investor

On behalf of the Directors, I am pleased to offer you the opportunity to become a Shareholder in Colt Oil and Gas Ltd (to be renamed, “EHR Resources Limited) (the Company). This Prospectus offers up to 28,571,429 Shares in the Company at a pace of $0.07 per Share (the Offer) to raise up to approximately $2 million (before expenses), The Offer is not underwritten.

On 30 March 2017 the Company announced that it had entered into a definitive Farm-in Agreement (Agreement) with Ebro Resources Ltd (Ebro) whereby Cott has been granted the option to acquire up to a 25% Interest in Eboros La Victoria Gold Silver Project (Project) in Peru, subject to the satisfaction of certain conditions precedent (Transaction).

After exiting the oil and gas sector late in 2016, Cott decided to pursue a new direction within the mineral resources sector, with the aim of building a portfolio of quality mineral resource projects, focusing initially on base metals and gold. The proposed Transaction with Ebro is our first step in this new direction.

La Victoria is a prospective exploration property which is situated near world class gold producers in Peru’s prolific North — Central Mineral Bell The project area has been privately owned for over 30 years, and has never been drilled before.

We consider that Ebro has the technical skills and ability to explore and develop La Victoria through to feasibility and production, and we are pleased to have secured the opportunity to participate in the advancement of this Project alongside Ebro. The intention is undertake an aggressive program of drilling over the next 18 months to test a number of major mineralized targets which have been identified within the Project area.

The purpose of this Offer is to raise the funds to cover the expenses Involved with re-compliance and to increase the Company’s working capital.

This Prospectus is also issued to assist the Company to re-comply with Chapters 1 and 2 of the ASX Listing Rules as a result of a change to the nature of the Company’s activities.

An investment in the Company is subject to a range of risks. These risks include a risk that exploration of the Project, or any other tenements that may be acquired in the future, will not result in the discovery of an economic ore deposit or a deposit that can be commercially exploited and the risk that permits may be withdrawn or subject to unreasonable conditions. Further details of the risks associated with an Investment In the Company are set out in Section 4.

This Prospectus contains detailed information about the Offer, the Company, the proposed Transaction and the Project. I encourage you to read it carefully and in its entirety before making your investment decision.

Yours sincerely,
Stephen Dennis
Chairman