First Colombia Announces Plans To Acquire Oil And Gas Assets

ZACATECAS, Mexico--()--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.

Contacts

For First Colombia Gold
Investor Inquiries:
David Kugelman, Investor Relations
(404) 856-9157 / (866) 692-6847
www.firstcolombiagold.com
info@firstcolombiagold.com

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Contacts

For First Colombia Gold
Investor Inquiries:
David Kugelman, Investor Relations
(404) 856-9157 / (866) 692-6847
www.firstcolombiagold.com
info@firstcolombiagold.com