Nashville, TN, April 12, 2017 (GLOBE NEWSWIRE) -- After recording record revenues in the second and third quarters of last year, First Colombia Gold Corp (OTCPink: FCGD) announced today that they are diversifying and expanding their energy operations and actively pursuing acquisition targets within the coal industry. Citing the positive developments within the coal industry and deregulation of certain coal related requirements, First Colombia Gold Corp. stated that they have been presented with numerous opportunities within the coal sector that are proving to be very attractive.
Jason Castenir, CEO of First Colombia Gold stated, “The Trump administration has made energy development and specifically restoration of the coal industry one of their primary objectives. These efforts are creating a surge of activity and opportunity within this sector. Our leadership believes that based on the success we have had in the fuel industry along with the strength of our team within the coal sector, that we could have tremendous success within several of these opportunities.”
The company stated that they plan to update investors in the coming days on plans to put the company in a full scale coal operation and allow the company to focus on continued growth within the energy sector. Castenir continued, “We have already proven that the energy sector is one where we can have real success. Our plan is to diversify our opportunity within the energy sector by focusing on multiple outlets and taking advantage of a resurging market place as it pertains to coal.”
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.
Source:First Colombia Gold Corp