New Colombia Resources Inc fka NEWC

[microcaps1]

?First map-which didnt post here- so see my posts- the navigable river which runs through NEWC's concession flows into the Caribbean at Barranquilla.
The mine is near Guaduas on the 2nd map.
Third map- Guaduas is ca 68-70 miles NW of Bogota

post 7617 Update Share structure as per transfer agent. O/S - 140,203,190 Float- 82,276,287

This is a very low share count for this stage of a company shortly before revenue begins. Once net income is achieved companies often begin buying back because market cap/share value lags behind the fundamental value of the company at that point- looking forward to future value -which is suppose to and traditionally has been the markets method of operation. One of the reasons I target such companies for investment-and that critical turnaround point takes longer than expected on EVERY company I've seen to my memory -but that is the sweet spot- the important catalysts- where gains can be made.

Permits greatly increase the value of the mine to possible investors-who prefer somebody else do the work to get the permits before they invest or JV etc.
This is the last permit before operations. The MPO has already been approved approved. Plus the aggregate,for which they reported they already had the major equipment ready to go, would be produced first to provide capital to grow mining operations.

Since this is apparently already a coal mining district and unemployment is a traditional problem,it does not seem that there would be any major roadblocks in finishing the socialization- environmental permit process begun April 2014. Hopefully the socialization site visit after May 1-see 10k- will speed things up.

NEWC mine in yellow and orange rectangles-see posts and the website. Nearby mine/coal seam in orange- http://www.newcolombiaresources.com/

The river goes thru part of the concession-which is why -as the river is apparently being or has been dredged-would be used to transport coal for export etc to the USA etc where its increasingly difficult to produce coal due to political and environmental considerations,a situation which now includes China,where China's legendary poisonous smog impacts the health of 100's of millions-so China heavily imports coal to such an extent that shipping rates are sometimes heavily impacted. A few years ago China shut down coal mines due to a major accident and the consequent increase in imports impacted worldwide shipping. Plus they will use the newly built or rebuilt Ruta del Sol road ca 1.6 miles away,connecting to a highway not far away to transport internally.

post 7617:
About Guaduas, Colombia Our first mining acquisition is [near] the town of Guaduas, Colombia. NEWC will become a responsible neighbor in Guaduas. The company will sponsor health centers, schools, and many other causes when needed. Under Colombian law, mining companies are required to donate for social benefit. Mr. Erasmo Almanza, shareholder, has strong ties to the community and expects NEWC to have the full faith and support of the Town of Guaduas. Guaduas is a municipality of 35,000 people with excellent electrical and water supply and an ample workforce. For more information on Guaduas, click. http://translate.google.com.co/translate?u=http://www.guaduas-cundinamarca.gov.co&hl=es&ie=UTF-8&sl=es&tl=en New Colombia Resources, Inc. (NEWC.PK), through its wholly owned subsidiary, will acquire, explore and develop coal mining concessions in Colombia. Our first acquisition, La Tabaquera Concession Contract No. ILE-09551 (“The Concession”) granted for the Exploration and Exploitation of a Carbon Mineral and other Grantable Mineral Deposits by the Colombian Institute of Geology and Mining (INGEOMINAS), will allow us to enter the growing Colombian coal mining industry. We will implement new US mining technologies to provide innovative approaches to geological engineering, and clean coal mining in Colombia. ... The Company was notified by the CAR, that, after May 1, 2015, the CAR will visit the work zone for socialization of the mining project with the community. ..." http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10656872


They are focusing on the 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 50 Km 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. During 2014, they purchased a rock crushing plant with a capacity to process over 100 m3/hour of aggregates which is expected to be operating in 2015. Demand is strong for building material in Colombia since many illegal mines have been closed as new construction and infrastructure projects come online. The construction industry in Colombia grew 10% in 2014. 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 tons of bituminous coal (non JORC compliant), with 70% being metallurgical hard coking coal and 30% thermal coal.

microcaps1 Friday, 05/01/15 10:47:28 AM Re: None http://newtothestreet.tv/new-to-the-street-announces-upcoming-interviews-new-clients-new-networks-a-new-set
Re: Opti Mist post# 7417 Post # of 7617

''So, the permit application is real, the January 19, 2015 response from the agency requesting additional information on the environmental study was given to the agency (as we have seen posted) and is being worked on. Once that information request is satisfied the permit application will be sent to the legal department for appropriate action.'' 'Note: this was a very timely response from the Colombian environmental agency. It would indicate to me this permit is a high priority for issuance. Very positive news.' Very timely-in the USA agencies often defacto gut the Freedom of Info Act by requiring a a large bribe price to get any info or simply refer you to the company.

Post # of 7617

I've read 10's of 1000's of pages of these 10q's etc on 1000's of stocks As usual a number of misleading statements have been made 1st this is an SEC reporting company now current very common for these pennies to be late in filings-they often dont have in house accountants and contracted accountants and auditors work at their own pace also very common for these companies prior to revenue to have these problems - thats why some prey on these boards taking advantage of these common problems trying to hold each low penny to the standards of a blue chip- if u want blue chip performance- including the much slower on average chance of appreciation then pay 50000 times more/share.
They are public which means they by definition they issue stock or acquire debt until revenues- this is a logical given.
People invest e.g as here because pps does not reflect the value of the underlying fundamentals and on a historical basis NEWC is close to turning the corner to revenue.

The KBM default is NOT due to failure of NEWC to pay -its a technical default declared by note holder due to NEWC being late in 10K by 15 days-ridiculous games -the 10K has been filed now. NEWC only paid part of the contracted price on the farm and is suing the other party re NEWC's interest.

In July of 2013, the Company entered into an agreement to purchase a 50% interest in a farm in Colombia. The purchase price for the 50% interest was $600,000. In order to complete the transaction, the Company was required to pay an initial $200,000 in cash on or before December 31, 2014, with the remaining $400,000 to be paid in the Company’s common stock. The Company was unable to pay the entire cash payment of $200,000, but did make payments in an aggregate amount of approximately $29,200 through April of 2014. The Seller has entered into a separate sales contract with a third party, effectively removing the Company from the transaction. The Company is entering litigation; depositions took place on March 24, 2015 in Colombia.

Plan of Operation b]Our plan for the twelve months beginning January 1, 2015 is to operate at a profit or at break even. Our plan is to acquire additional coal mining locations in Colombia in order to become profitable in our operations. We are currently focusing our attention on the coal mining industry in Colombia.
We are also focused on the hemp and legal medical cannabis industry.

During 2014, the Company sold an aggregate of 38,400,001 common shares to third parties. The aggregate purchase price was $290,500. [not 42 million ] Stock Options During 2011, an aggregate of 5,000,000 options with a fair value of $50,000 were issued to John Campo, President, as part of his employment agreement. The shares have a strike price of $0.10/share and the options have no expiration date. The options vest equally over three years. During 2013, 20,000,000 options held by two former officers of the Company were cancelled. For the year ended December 31, 2014, $4,167 was expensed as stock-based compensation. For the year ended December 31, 2013, $16,668 was expensed as stock-based compensation. On October 21, 2014, the Company entered an option agreement with a third party, for up to a total of $300,000 with 6,000,000 fully paid and non-assessable shares of common stock at the price of $0.05 per share. This option may be exercised at any time commencing on January 10, 2015 to and include December 31, 2015. On October 21, 2014, the Company entered an option agreement with a third party, for up to a total of $250,000 with 25,000,000 fully paid and non-assessable shares of common stock at the price of $0.01 per share. This option may be exercised at any time commencing on October 25, 2014 to and include March 31, 2015. On October 21, 2014, the Company entered an option agreement with a third party, for up to a total of $220,000 with 36,666,667 fully paid and non-assessable shares of the common stock at the price of $0.006 per share. This option may be exercised at any time commencing on November 1, 2014 to and include February 28, 2015. During 2014, an aggregate of 15,500,000 options with weighted average exercise price $0.01 per share were exercised. For the year ended December 31, 2014, exercisable option balance was 65,166,667 [Ca 36.67 million of these options expired Feb 28 as I reported before]so its dishonest to state over 60 million options at .006 and average price of options was ca 2c The following table summarizes the Company’s stock options: Balance, December 31, 2012 25,000,000 $ 0.10 250,000 9,583,333 No Expiration Granted Expired Exercised Cancelled (20,000,000) 0.10 Balance, December 31, 2013 5,000,000 $ 0.10 4,583,333 75,666,667 0.01
(15,500,000)[cancelled?]
0.01 Cancelled Balance, December 31, 2014 65,166,667 [over 1/2 of these options have now expired,whether exercised or not] $0.02 [average price of options] Average life of 0.33 years [ over 1/2 expired]

Item 11. EXECUTIVE COMPENSATION The following table discloses, for the fiscal years ended December 31, 2014, 2013, certain compensation paid and accrued to our named executive officers and our former executive officers. John Campo, President and Director 2014 $60,000 2013 $60,000 Cherish Adams, Former Sec/Treasurer and Director 2014 $0 2013 $0 Kyle Gotshalk, former CEO and Director 2014 $0 2013 $0.

These amounts are accrued and unpaid per the employment agreements with the Company. John is only salaried person and his pay is apparently deferred until co has revenue or net income?
(3) John Campo is the President and director of the Company. John Campo also owns 10,000,000 shares of Series A Preferred Stock. The Preferred A Stock is convertible into 51% of the outstanding shares of the Company, and holds voting rights of 66 2/3% of the outstanding shares of common stock.

CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT 0F 2002 In connection with the Annual Report of New Colombia Resources, Inc. (the Company") on Form 10-K for the period ended herein as filed with the Securities and Exchange Commission (the "Report"), I. John Campo, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fully presents, in all material respects, the financial condition and results of operations or the Company. New Colombia Resources, Inc. Date: April 28, 2015 By:/s/ John Campo Chief Financial Officer