New Colombia Resources Inc fka NEWC

[StockBoomz]

WE HAVE HIT THE TIMED NEWS:

"The partners will be onsite next week setting up operations to begin coal mining in February 2017. After January 1, 2017, New Colombia Resources and MSG Mining Corp. (the "Companies") will register a Colombian subsidiary to operate the mine that is 51% owned by New Colombia Resources and 49% owned by MSG Mining. Profits and losses will be likewise distributed; owning 51% of the venture allows New Colombia to book all the revenues on their financial statements filed with the SEC. At a production rate of 10,000 tonnes/month, the Company expects revenue to exceed US$ 1 Million/month, with a production and transportation cost of about $ 55/tonne at the ports."