Breaking News - New Colombia Resources, Inc. (OTCQB:
April 20, 2016
New Colombia Resources Announces Sannabis subsidiary Receives
Purchase Order for their Medical Marijuana Products from a Pharmacy Chain
Company Scientific Advisor, Dr. Robert Melamede Ph.D.
now in Dubai introducing Sannabis products to Middle Eastern Countries
Cali, Colombia, April 20, 2016 - New Colombia Resources, Inc. (OTCQB:
NEWC) (“New Colombia or
the Company”), a U.S. company with natural resource assets in Colombia, is
pleased to announce that its subsidiary, Sannabis SAS, has received orders from
an established pharmacy chain distributing natural products in southwest
Natural Pharmacy chain Salud Semillas, a leading distributor of natural products
with an established customer base in southwest Colombia, has placed an initial
purchase order and developed a marketing plan to generate strong sales. In
addition to having stores in upscale malls and shopping centers they also
sponsor a morning health talk radio show to discuss their featured products. The
show targets an area of 350,000 people and attracts 25-35,000 listeners daily
from 8-8:30 am. Salud Semillas’ marketing plan for Sannabis products includes
radio talk shows, telemarketing group, internet sales, newspaper ads, and a
direct to customer health magazine called “Buena Vida” which is distributed
directly to thousands of customer’s homes monthly by Salud Semillas’ trained
personnel in strategic neighborhoods. For more
information on Salud Semillas visit www.saludsemillas.com. Their radio show is
also broadcast in Spain, France, and Germany as well as online. To listen to the
show tune into http://emisora.univalle.edu.co.
“After 20 years of hard work developing high quality medical marijuana products
in Colombia, I’m pleased that we were finally able to establish a mainstream
market, our orders are coming in droves,” said Juan Pablo Guzman, Director of
Sannabis in Colombia.
Dr. Robert Melamede Ph.D., scientific advisor to Sannabis and New Colombia
Resources, is now in Dubai as a guest speaker at the World Congress on Oncology
and Radiology held from April 18-20. He presented at the Novel Approaches to
Cancer Therapeutics session. Dr. Melamede is a world renowned expert of the
body’s Endocannabinoid System and can easily educate world leaders on why
cannabis cures and relieves. Dr. Melamede has firsthand knowledge of the
effectiveness of Sannabis products in South America and is helping the company
establish relationships and purchase orders with Middle Eastern countries. “The
cannabis awakening is spreading across the world. The scientific knowledge of
the unique healing powers of this plant are now known by more and more people
around the world. The truth can no longer be suppressed by ignorance,” stated
Dr. Robert Melamede, Scientific Advisor to Sannabis and New Colombia Resources.
“In anticipation of having an approved export license, our approach to the
international market is simple. You know cannabis cures but you don’t want the
hurdles of growing marijuana. Our region has grown the best medical strain for
generations, we can grow and manufacture the highest quality 100% organic
cannabis products for you at the most competitive cost possible. Colombian
entrepreneurs are creating a new industry for the legal international medical
cannabis and industrial hemp products market and we’re proud to be a part of
it,” commented John Campo President of New Colombia Resources Inc.
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on
Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of
high-quality metallurgical coal properties and other available resources in the
Republic of Colombia. They expect to have several revenue producing businesses
including; metallurgical coal mining and rock quarry aggregates for domestic
Colombian highway and railroad building projects. The Company owns 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have another pending acquisition for 390 ha and a
solicitation contract for 184 ha metallurgical coal concession. New Colombia
Resources also holds a significant position in Sannabis SAS which legally
produces medical marijuana products in the Republic of Colombia, visit
www.sannabis.co. For more information on the Company visit
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
might not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
New Colombia Resources, Inc.
SOURCE: New Colombia Resources, Inc.
New Colombia Resources Inc. (“New Colombia” or the “Company”) is a publicly
traded resource company listed on the OTC under the symbol “NEWC”. The Company
is focused on the acquisition and development of high quality metallurgical coal
properties in Colombia, considered one of the most attractive emerging markets.
With an estimated US$378 billion in gross domestic product in 2013, it became
the third largest economy in Latin America and is growing 4% to 6% per year.
Colombia has the largest coal reserves in Latin America and is the fourth
largest coal producer in the world. Total coal production decreased by 4% in
2013 to 85.5 million tonnes. Coal producers aim to increase coal output in 2015.
Colombia privatized its coal sector in 2004 and is committed to investing in
infrastructure to support increased mining.
We are focusing on our La Tabaquera coal and rock project (the “Project”)
located in the Municipality of Guaduas, approximately 100 kilometers northwest
of Bogota. This Project’s haul roads are easily accessible either by National
Highway I-50 or the new Ruta del Sol. The property is within 50kM of the
Magdalena River, providing easy transport to terminals in Barranquilla, Santa
Marta or Cartagena for export. The Magdalena River is being dredged to allow
cargo from La Dorada which in close proximity to their mine.
Recently we purchased a rock crushing plant with processing capacity of over 100
m3/hour of aggregates which is expected to be operating in by August 2015.
Demand is strong for building material in Colombia since many illegal mines have
been closed as new construction and infrastructure projects come online.
Construction of the final sector of the Ruta del Sol road project was approved
to begin. It will consist of tunnels and bridges within 5 kilometers or our coal
This allows us to supply road builders with aggregates, and then use these roads
to move our coal to export terminals. We intend to fund our coal operations with
the cash flow generated from the sale of processed aggregates.
An “Estimate of Probable Reserves and Grantable Potential of Coal at La
Tabaquera Mine” report was prepared on behalf of New Colombia in September 2011.
The report estimated reserves for La Tabaquera Project of 13,073,935 cubic
meters for a total of 16,996,116 tonnes of bituminous coal (non JORC compliant),
with 70% being metallurgical hard coking coal and 30% thermal coal.
Based on the high quality of our coal, we expect to sell at a premium to other
domestic coals. We believe our mines have Blue Gem coal, only found along the
Kentucky Tennessee border in the U.S. and Colombia. This coal is unique because
of its low ash and high carbon content. It is in high demand for the silicon and
silicon based alloy market. Beginning in 2015, New Colombia will concentrate
tunnel mining its hard coking coal seams first. The Company expects to mine
20,000 tonnes of hard coking coal per month.
We own the mining title and land where we will commence operations. Our Mining
Plan of Operations (PTO) was approved in December 2013 by the Agencia Nacional
de Mineria (ANM). In April 2013 we applied for an environmental license which we
expect to be issued soon.
New Colombia also has renewable resource projects in Colombia they are
developing and plan to spin off as a dividend to shareholders.
Management and Directors
John Campo, President, Chairman, 43, has been involved with public companies for
over 20 years. He began his career as a registered representative in 1992 with a
boutique firm in Baltimore, Maryland. From 2001 to 2008, he was President of
Elite Equity Marketing, a public relations firm catering to emerging growth
companies. Later he formed Wall Street International to focus on creating
awareness for international companies trading in the United States. In 2011 he
acquired VSUS Technologies, which then acquired concession contract ILE-09551
and became New Colombia Resources, Inc. Mr. Campo is a Colombian-American
residing in Sunny Isles Beach, FL while working in Colombia.
Erasmo Almanza, 71, Director, brings over 40 years of experience in the oil and
gas industries in Colombia and the United States. A petroleum engineer by trade,
he is currently General Manager of Cia Minera San Jose Ltda, a subsidiary of New
Colombia Resources, Inc. Prior to that Mr. Almanza held several management
positions within the oil and coal industry including Ingepetrol, BAROID
International Co. and Core Laboratories International in Houston, Texas. Mr.
Almanza earned a Bachelor Degree in Petroleum Engineering from the Universidad
America in Bogota.
Miguel Centanaro, 51, V.P Operations, was a consultant to Latin Coal Mining from
1994 to 2004. Mr. Centanaro has been a candidate for the Senate of the Republic
of Colombia and has held several positions within the Colombian Senate. He holds
a business administration degree from the University of Cartagena and a Fellow
Doctorate in Business Administration from The Edinburg School of Business, as
well as specialties in marketing, environmental contamination, financial
evaluation of projects, strategic management.
Fabio Villamil, Logistics Advisor, is currently President and Director of
Incoplan S.A., a top engineering firm based in Bogota, Colombia that is a
consultant to the largest infrastructure projects in Colombia, including rail,
road, and river. He is an expert in environmental issues of infrastructure and
mining projects in Colombia and has been a consultant to the Ministry of
Transportation. Mr. Villamil holds a civil engineering degree from La
Universidad Catolica de Colombia along with a specialty in ground
transportation. He also holds a doctorate in the Optimization and exploitation
of transportation systems from La Universidad Politecnica de Valencia, Spain.
Mr. Villamil has advised the company on matters related to logistics and
infrastructure. Incoplan S.A. developed the baseline for the environmental
impact study submitted to the CAR.
Jose A. Ramirez, 34, Director, is a financial controller for several companies
in Miami, FL. He advises the company on accounting issues in conjunction with
their accounting firm in Houston, TX.
New Colombia Resources, Inc. is focused on the acquisition and development of
high-quality metallurgical coal properties in the Republic of Colombia. We own
100% of La Tabaquera coal mine in Guaduas, Colombia with an estimated 15- 17 MM
tonnes of reserves, 70% metallurgical and 30% thermal coal. SGS Colombia S.A.
completed a drilling program for an N.I. 43-101 Technical Report; once financing
is secured we will implement the program. Our Mining Plan of Operations (PTO)
was approved on December 23, 2013. In April 2014 we applied for an environmental
license. We expect to begin mining operation in August 2015.
New Colombia Resources also has a medical cannabis business in Colombia
operating as Sannabis SAS. Sannabis is a partnership between New Colombia
Resources and others including members of the Nasa Indian Nation of Colombia.
Medicines are legally produced on the Indian reservation and distributed
throughout Colombia. Sannabis enjoys first mover advantage in Colombia and aims
to provide the best medicine with scientific evidence available in Colombia and
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