First Colombia Gold Corp (FCGD)

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First Colombia Gold Closes on Fuel Terminal in NC

9:30 AM ET 11/10/15 | Marketwired

First Colombia Gold Corp (OTC PINK: FCGD) announced today that the company closed on the purchase of a fuel terminal located in Greensboro, NC. The acquisition is the first in a series of acquisitions that will bring revenue for the company. The fuel terminal, located in Guilford County, was acquired on November 4 by Enterprise Partners, Inc., the subsidiary acquired in February of this year by First Colombia Gold.

Mr. Pete Iodice, president of Enterprise Partners, stated, "This terminal will allow us to bring revenue through the sales of diesel and other fuel products. Having already secured product and fuel capacity, we are ready to enter this market and expect to generate significant revenues."

For distribution, the company has signed a Joint Venture Agreement with Singa Energy Solutions, a major energy company based out of Bangkok, Thailand. Singa Energy recently secured a Country-to-Country agreement for a 5000 Megawatt Electrical power plant project in the Konya/Karaman area of Turkey and is a global distributer of fuel and energy products. First Colombia Gold and Signa Energy are currently working on providing diesel products to Suriname, the British Virgin Islands, and other Caribbean destinations.

CEO Jason Castenir stated, "This partnership with Singa Energy is a major step for First Colombia Gold and marks a major milestone for the company. They are a very well-developed company with great outlets for fuel and energy; our newly formed relationship with their company will have a significant impact on our ability to market fuel products throughout this region. We look forward to a long business relationship with Singa, and are very excited about the positive effects this relationship will have on our company's future."

Additionally, First Colombia Gold plans to execute the final purchase and sale agreement within the next 10 days to acquire 11 convenience stores in Alabama. "All parties have approved the final version of the purchase agreement," stated Mr. Castenir. "We are now awaiting final signatures to complete the transaction." The company stated they will be releasing more details regarding that purchase in the coming days.

Investor Inquiries: Website: www.firstcolombiagoldcorp.com Email: [e-mail] Facebook: http://www.facebook.com/FirstColombiaGold Twitter: http://www.twitter.com/FCGDCorp