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First Colombia Gold Acquires Global Energy Services Company, Singa Energy Solutions

04.04.2016  |  Marketwired
NASHVILLE, Apr 4, 2016 - First Colombia Gold Corp. (OTC PINK: FCGD) is proud to announce that the company has executed an agreement to acquire one hundred percent (100%) interest in Singa Energy Solutions, an energy production and consulting company.

The signed agreement outlines the structure of the transaction, which will give First Colombia Gold Corp. full right and title to Singa's signature assets and contracts. The Company is excited that, with this agreement, comes the success-driven management team of Singa, which will move the company to higher levels of performance.

Additionally, the company announced that they would begin operating and doing business under the trade name of Singa Energy Solutions effective immediately. Simultaneous to this announcement, the company is unveiling a new corporate logo and a new digital presence.

"We are very excited about this acquisition, as well as the introduction of our new company name," said Jason Castenir, CEO of First Colombia Gold Corp. "We believe the name Singa Energy Solutions allows us to better represent our business and our future focus as we introduce new products and services. These services include utilizing Singa's current business model, which includes power plant construction and development, marketing petroleum fuels in new markets, and offering energy and fuel procurement consulting to a global consumer market. Our goal when we started nearly two years ago with our first oil and gas acquisition was to become a major energy producer and to offer products and services that span multiple markets and business sectors. In response to customer demand, we continue to aggressively pursue that focused objective and continue to evolve in the process."

Clarence Parks, President of First Colombia Gold Corp. said, "All of our products and proven services are backed by the same experienced team and bring the same unique agile approach that our customers rely on. This includes our newest petroleum offerings. This news just enhances our ability to reach a variety of markets and to offer more developed, diversified customer solutions."

"This acquisition and name change formalizes a shift in corporate strategy that has been underway for more than a year," added Mr. Castenir. "While we take great pride in our US operation, we have the vision to become a global company, and with the success of our previously-announced joint venture relationship with Singa Energy Solutions and our growing focus on energy products and distribution, our legacy name no longer fully describes our company. We want to ensure that our image and name accurately reflect what we do."

Additionally, First Colombia Gold announced that, under the new Singa Energy Solutions, Orrapun P. Misir would become Chairperson and member of the board. Ms. Misir stated, "I am very enthusiastic about the prospects for the company, and look forward to securing strong revenue growth internationally in the ASEAN (Association of Southeast Asian Nations) countries, a fast-growing region with a population of more than 600 million people."

Alexander Misra, the founder of Singa Energy Solutions said, "This unification of First Colombia Gold is a natural fit. It makes clear strategic sense, and creates exceptional value for both companies. Together, we can leverage our best practices to achieve even higher levels of sales, operational excellence and customer satisfaction. The combination of these two companies now offers sales and logistics of fuel from the rack, expanded storage capabilities, export of fuel coupled with future development of global energy projects."

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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.


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