First Colombia Gold (OTCQB: FCGD) is pleased to announce plans to
acquire oil and gas assets as part of its expansion. The goal of
management is to become a Natural Resource company focused on building
shareholder value in Energy, Mining and Land opportunities.
The recent appointment of Dr. Robert Gates as CEO and Director of First
Colombia brings over forty years of experience in mergers, acquisitions,
and the energy sectors. Mr. Gates was previously retained by the company
as a consultant to advise the board on long term strategic development,
building on the company’s work the past years which resulted in a
recommendation to the Board of Directors to transform the company into a
Natural Resource company. We plan to announce our initial acquisition of
oil and gas assets sometime in the third quarter.
President and CEO, Robert Gates, commented, “Our current plans call for
First Colombia to acquire a pipeline of oil and gas projects, which we
believe have solid potential for building shareholder value. Since
concluding our recent business evaluation and receiving Board of
Directors approval we plan to hit the ground running to meet 2014
objectives.”
Energy Division
Our business strategy is to acquire energy interests via a “roll-up”
strategy targeting potential and producing wells and distribution that
can be improved utilizing modern technology and capital infusion for
expanding or re-initiating production. This initiative represents a key
near and medium term strategic objective for the company.
First Colombia has been conducting due diligence in the alternative
energy sector in Southeastern Europe which is promising due to
approaching grid parity, EEC mandates for alternative energy usage
combined with government direct revenue support programs.
Our key 2014 objectives include:
-
The acquisition of one to three US oil and gas projects or businesses
in 2014, with a key objective of initiating cash flow in the near term.
-
Completing the evaluation of European alternative energy projects by
the fall of 2014, with a decision on an initial project made by that
time.
Mining Division
First Colombia has retained an experienced VP of Mining to evaluate
current and future planned activities for our mining activities in light
of our revised business strategy. Our current focus is on precious metal
exploration and acquisition in Montana. We are currently conducting due
diligence on industrial mineral opportunities with near term cash flow
potential in Europe. Management will consider strategic partnerships or
spin-offs, as well as additional acquisitions, subject to our revised
criteria for near to medium term cash flow and growth in assets.
Our key 2014 objectives include:
-
Conducting initial evaluation and site work at the Nile Mine Gold and
Silver Project
-
Revise mining division business model to focus on more advanced
projects
-
Acquire additional mineral property interests
International Division
First Colombia has significant international experience and has
identified projects of merit that fit within the criteria of the
company’s revised business strategy. As a Natural Resource company First
Colombia will have expanded flexibility to consider projects that meet
the criteria of developing near to medium term growing cash flow and
growth in assets. These include energy, alternative energy, mining, and
development projects.
Our key 2014 objectives include:
-
Completing due diligence of government guaranteed alternative energy
projects
-
Initiating, subject to favorable due diligence, projects subject to
favorable internal rates of return.
About First Colombia Gold
First Colombia Gold Corp. is a Natural Resources company focused on
acquiring, developing and advancing natural resource, energy, and real
estate projects in Europe, North America, and South America. Our
business model is to acquire undervalued assets combining potential for
building assets values and cash flow through leverage to improved
operational efficiencies and development
Investor Inquiries:
David Kugelman, Investor Relations
Phone:
(404) 856-9157 / (866) 692-6847
Website: www.firstcolombiagold.com
Email:
info@firstcolombiagold.com
Disclaimer
This release contains forward-looking statements that are based on
beliefs of First Colombia Gold Corp. management and reflect First
Colombia Gold Corp.'s current expectations as contemplated under section
27A of the Securities Act of 1933, as amended, and section 21E of the
Securities and Exchange Act of 1934, as amended. When we use in this
release, the words "estimate," "project," "believe," "anticipate,"
"intend," "expect," "plan," "predict," "may," "should," "will," "can,"
the negative of these words, or such other variations thereon, or
comparable terminology, are all intended to identify forward looking
statements. Such statements reflect the current views of First Colombia
Gold Corp. with respect to future events based on currently available
information and are subject to numerous assumptions, risks and
uncertainties, including but not limited to, risks and uncertainties
pertaining to development of mining properties, changes in economic
conditions and other risks, uncertainties and factors, which may cause
the actual results, performance, or achievement expressed or implied by
such forward looking statements to differ materially from the forward
looking statements. The information contained in this press release is
historical in nature, has not been updated, and is current only to the
date shown in this press release. This information may no longer be
accurate and therefore you should not rely on the information contained
in this press release. To the extent permitted by law, First Colombia
Gold Corp. and its employees, agents and consultants exclude all
liability for any loss or damage arising from the use of, or reliance
on, any such information, whether or not caused by any negligent act or
omission. This press release incorporates by reference the Company's
filings with the SEC including 10k, 10Q, 8K reports and other filings.
Investors are encouraged to review all filings. There is no assurance
First Colombia Gold Corp. will identify projects of merit or if it will
have sufficient financing to implement its business plan.
Copyright Business Wire 2014