New Colombia Resources Announces
Spinoff of Sannabis into a Public Company trading on the London
Stock Exchanges AIM Market
Company will determine dividend to be
issued to shareholders and ex-dividend date.
Miami, July 14, 2017 / / - InvestorsHub NewsWire - New
Colombia Resources, Inc. (the Company) (OTC: NEWC), a Colombian natural
resource company listed in the U.S., with premium metallurgical
coal and medical marijuana assets, has signed a consulting
agreement to spin out their medical marijuana joint venture in
Colombia, SANNABIS SAS, into its own public company through a
reverse merger with a public company trading on Londons AIM. The
subsequent company will be named SANNABIS, PLC. Sannabis SAS will
retain full control of the company trading on the AIM.
AIM is the London Stock Exchanges international market for
smaller growing companies. A wide range of businesses
including early stage, venture capital backed as well
as more established companies join AIM seeking access to
growth capital. For more information visit, http://www.londonstockexchange.com/companies-and-advisors/aim/aim/aim.htm
New Colombia Resources has identified the public company trading
on the AIM wanting to merge with Sannabis SAS and has been working
with experienced consultants on listing project management,
financial information, business planning and valuation, legal and
tax issues, corporate governance, and compliance. Due to the nature
of Sannabis business model, the terms of the transaction are very
favorable to New Colombia Resources and Sannabis. There are few if
any publicly traded medical marijuana stocks on the AIM. The
transaction is projected to be closed in Q4 2017 and an ex-dividend
date will be announced at any time. SANNABIS, PLC will have a
secondary listing on the Frankfurt Stock Exchange to further access
European investors.
The SANNABIS, PLC listed company will include working capital of
500,000 so Sannabis can rapidly expand its operations to meet the
needs of local and international markets. SANNABIS, PLC will
simultaneously sign an equity funding term sheet with European
investors for 5,000,000 to further develop and expand their
business model. The projected market capitalization for SANNABIS,
PLC is 25,000,000,000.
New Colombia Resources acting CFO, Albeck Financial Services,
has been working with their auditors, Sadler Gibb & Associates,
to complete their SEC filings to be fully compliant. The first
filings were expected in the preceding weeks; however, they are
determining the best course of action to release these filings,
either quarterly as they are completed, or the 10Ks for 2015 and
2016 simultaneously.
I want to thank my loyal shareholders for their continued
support, in my opinion the spin-off of Sannabis and our mining
operations already in production and subsequent operations to begin
soon, will greatly enhance shareholder value, commented John Campo,
President of New Colombia Resources, Inc. Ive been working hard
behind the scenes putting together a mining portfolio that will
implement new technologies that will create great interest in our
Company. Although I have been overly optimistic about the timing of
our SEC filings, I have to let the professionals do their job so I
can concentrate of growing the value to my shareholder. Anyone that
doesnt understand that should sell their shares and move on,
further commented Mr. Campo.
New Colombia Resources will begin legally marketing Sannabis
products in the U.S along with shareholder Colombias retired MLB
All Star World Series MVP Edgar Renteria. The Company will
also approach Colombian football (soccer) stars playing in Europe
to market their topical pain creams in the respective countries
where each star plays.
New Colombia Resources and Sannabis are committed to developing
this new industry in Colombia creating value added jobs that will
sustain regions of the country that were vulnerable during
Colombia's 50-year armed conflict. Last year New Colombia was
approached by the US Army's Civil Affairs office to help one of
these regions. Sannabis has received support from the
Colombia military through a special program designed to promote
products from these vulnerable areas. Sannabis is helping
prevent illegal crops from being implemented.
Sannabis SAS has received a Registro Sanitario from Colombias
Ministry of Healths INVIMA (National Institute for Food and Drug
Monitoring) that facilities the export of these products.
The Registro Sanitario number is NSOC78859-17CO, this can also
be accessed directly on INVIMA's website by inputing Expediente
number 20127339, http://farmacovigilancia.invima.gov.co:8082/Consultas/consultas/consreg_encabcum.jsp
Their registry number is for 10 brands, but only four were
registered; Sannaxhol (pain relief, anti-inflammatory), Sannaderm
(for skin abrasion and post tattoo care), Sannalip (lip balm), and
a product soon to be announced. The Company plans to register an
additional six products possibly through joint ventures for
worldwide distribution.
For a catalog of Sannabis products visit, http://www.sannabis.co/ver-catalogo
For a video on the history of Sannabis visit, https://youtu.be/xzuFtp5-Iyo.
Follow Sannabis on Facebook for photos and testimonials
at https://www.facebook.com/sannabis.oficial/
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium
metallurgical coal mining titles and a medical marijuana joint
venture in the Republic of Colombia. They are setting up a rock
mining operation to supply the major road and infrastructure
projects within miles of their properties. They own 100% of La
Tabaquera metallurgical coal mine in Colombia with an estimated 15-
17 million tonnes of reserves. They have an additional 1196 ha.
metallurgical coal mining title that they are negotiating to
develop with a foreign entity to build a coal fired power plant.
New Colombia Resources holds a significant position in Sannabis SAS
which legally produces medical marijuana products in the Republic
of Colombia, visit www.sannabis.co. For more information on the
Company visit 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/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA (WhatsApp)
+57-318-657-0918 Colombia
jcampo@newcolombiaresources.com