ALBANY, KY–(UPTICK Newswire – March 24, 2015) – First Colombia Gold Corp (OTCQB: FCGD) is experiencing continued growth through a business model based on project generation, building a pipeline of projects in various states of exploration, delivering short and long shareholder value. First Columbia Gold Corp’s continuing focus is on advancing projects using a business plan grounded in expertise and industry experience, such as a previously acquired project in July 2014 that has provided a prosperous portfolio of oil and gas wells along with equipment, land and facilities.
Furthering project generation, First Columbia Gold Corp has met one of its 2015 milestones, securing an equity line of credit of five million through Iconic Holdings, LLC, allowing for continued acquisition and growth. The equity line provides an incredible financing tool, giving the necessary capital quickly close on an acquisition along with growing and expanding the business once the transaction is complete.
Additionally, First Columbia Gold Corp has drastically reduced its overhead costs of oil production while maintaining revenue, concentrating more on maintenance and production activities on existing wells, while scaling back drilling and exploration operations, all in an effort to take advantage of lower oil prices. These strategies have set First Columbia Gold Corp apart from its competition, ensuring continued success even in a fragile market.
Two of the projects First Columbia Gold Corp has acquired and is in exploration phases of are the North America Boulder Hill Gold Project, which is located in the historic gold district of Montana with a planned assessment for Strata-Bound gold occurrence. The South Idaho Silver project was acquired via lease with a planned targeted exploration into identifying high-grade silver potential.
Furthermore, Columbia, South America, provides a resource rich country that is relatively unexplored due to past political and safety concerns. Changes within the country, specifically a new mining ministry and regulatory regime implemented in 2012 have changed the landscape, providing for a fresh look at the country and its possibilities.
First Columbia Gold Corp is interested in evaluating new projects with a particular emphasis on projects offering near to medium production potential, or grass roots exploration working with owners seeking capital and exploration expertise. Additionally, First Columbia Gold Corp is actively seeking additional projects for current and future exploration and development in an effort to add continued advantage to exploration success and rising metal prices.
About First Colombia Gold Corp
First Colombia Gold Corp. is a capital 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 efficiency and development.
Safe Harbor for Forward Looking Statements:
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.
There is no assurance that the Company’s due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
First Colombia Gold Corp
1333 Burkesville Road
Albany, KY 42602