MELGAR, Colombia, May 4, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or
the 'Company"), a U.S. company with premium
metallurgical coal and building material mining titles, medical
marijuana, and industrial hemp and other resource operations in
Colombia, is pleased to announce a
project to build a water reservoir near a 1200-acre theme park to
be built in Girardot, Colombia.
Their property is 25 miles from Girardot where they believe the
Walt Disney Company (NYSE: DIS) is building their fifth theme park
and first in Latin America. Last
May the Mayor of Girardot publicly announced that Disney executives
were scouting for 1200-acres to build a theme park in his town. A
few days later he retracted his statement saying, "it's a group of
Mexican investors building a 1200 acre "Disney like" theme park.
New Colombia's sources have
confirmed it is Disney that has bought over 1000 acres so far. New
Colombia Resources cannot speak for Disney but will contact them
for a potential investment in the much needed reservoir. The
existing aqueduct system in Melgar was built in the 1950's and used
asbestos in the cement water pipes, adding to the need for an
additional water supply.
In 2014, Erasmo Almanza, Director
of New Colombia Resources, Inc., purchased 8 Ha. (20 Acres) in
Melgar, Colombia to apply for a
mining title to supply sand building material to the municipality
and build a resort hotel. The property has 1000 feet of road
frontage for easy access to the building materials. It also has two
water falls that will be used to build a much needed water
reservoir. The mining title application number is PB4-08441 for 27
hectares of which the Company owns 8 hectares.
Melgar is a resort town 60 miles southwest of Bogota that is known as the "City of Swimming
Pools." The region has over 800,000 "floating" visitors every
weekend because of the hot weather compared to Bogota where it is cold and muggy, this causes
major water shortages. All of Colombia will experience water shortages due
to El Nino weather phenomenon. Water is expected to become a scarce
commodity in Colombia making this
project much more valuable. Phase 1 of the project is US$ 10 Million and can be funded either through a
Private Public Partnership (PPP) or privately. New Colombia
Resources believes they can raise the money needed privately.
Potential investors are encouraged to contact the company for an
executive summary and cash flow models. The Company is completing
aerial surveys for their pre-feasibility study that they will begin
to market to institutional investors, including the Walt Disney Co.
"Erasmo and I are thrilled to potentially have Disney come to
Girardot, we never even considered this when we bought the property
a few years ago. I don't want to make announcements for
Disney, but I need to move this project forward for the benefit of
the whole community. Our sources tell us they've sold land to
Disney, which is the best kept secret in Colombia," stated John
Campo, President of New Colombia Resources.
Here is the Mayor of Girardot on May 18,
2015 stating that Disney executives have been exploring
between Girardot and Cali to build
a theme park.
http://girardot.extra.com.co/noticias/nacional/sede-de-disney-world-se-instalaria-en-girardot-138072
Here is his retraction on May 26,
2015
http://www.bluradio.com/100416/decir-que-habra-parque-disney-en-el-municipio-fue-acelerado-alcalde-de-girardot
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New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and
development of high-quality metallurgical coal properties and other
available resources in the Republic of Colombia. They expect to have several revenue
producing businesses including; metallurgical coal mining and rock
quarry aggregates for domestic Colombian highway and railroad
building projects. The Company owns 100% of La Tabaquera
metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have another pending acquisition for
390 ha and a solicitation contract for 184 ha metallurgical coal
concession. New Colombia Resources also holds a significant
position in Sannabis SAS which legally produces medical marijuana
products in the Republic of Colombia, visit http://www.sannabis.co. For
more information on the Company visit
http://www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of
1934. A statement containing works such as "anticipate," "seek,"
intend," "believe," "plan," "estimate," "expect," "project,"
"plan," or similar phrases may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Some or all of the events or results
anticipated by these forward-looking statements might not occur.
Factors that could cause or contribute to such differences include
financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations.
New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking
statements.
Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA
jcampo@newcolombiaresources.com
info@newcolombiaresources.com
Sannabis SAS
http://www.sannabis.co
SOURCE New Colombia Resources, Inc.