NASHVILLE, TN - (NewMediaWire) - January 13, 2016 - First Colombia Gold Corp. (OTC PINK: FCGD) announced today the company's focus for the new business year. With several open Letters of Intent currently in place, the company stated that they intend to complete those transactions and begin to generate revenue within the first quarter.
Jason Castenir, CEO of First Colombia Gold, stated, "We spent the last two quarters of last year putting all the elements in place to begin generating substantial revenue, and we are looking for this quarter to achieve that goal."
The company is currently waiting for fresh inventory calculations so they can begin the closing on the 11 convenience store locations in Alabama and are also working to close the convenience store and car wash locations in Georgia. Added Mr. Castenir, "Those two transactions, along with our existing fuel terminal and our ongoing transactions with Singa Energy, are going to work together to be a great revenue generator for this company and our shareholders. We are expecting this to be a very special year for our company."
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.