First Colombia Gold Corp (FCGD)

[Dontblink]

We have incurred an accumulated deficit for the period from inception on September 5, 1997 to June 30, 2014 of $21,110,501 and have no source of revenue. The continuity of our future operations is dependent on our ability to obtain financing and upon future acquisition, exploration and development of profitable operations from our mineral properties. These conditions raise substantial doubt about our ability to continue as a going concern.

If the Company is unable to raise additional capital in the immediate future, the Company will need to curtail operations, liquidate assets, seek additional capital on less favorable terms and/or pursue other remedial measures or cease operations. This material uncertainty may cast significant doubt about the ability of the Company to continue as a going concern. These condensed consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern including adjustments related to employee severance pay and other costs related to ceasing operations

We have not generated any revenues from our operations since our inception and we do not expect to generate revenues in the near future, due to the exploratory nature of operations at this time.


Fit, I wish you all the best here and maybe the company will turn a corner but everything they want to do requires money and they have none and the only way to get it is through toxic financing, they said it themselves and I'm not willing to take that ride with them