New Colombia Resources, Inc. (OTCMKTS:NEWC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On March 14, 2017, the Company’s subsidiary in Colombia, Compania Minera San Jose Ltda., entered into a three-month coal purchase agreement with a third party for 3000 – 10,000 tonnes of thermal coal per month at a purchase price of $ 131,000 COP/tonne (~US$ 45) on a C.O.D agreement. The Company has sourced the coal from third party mines, first deliveries have been made and the Company has received payment from the Buyer. Deliveries to the port will commence the week of Arpil 17, 2017 at a rate of 500-1000 tonne/week.

On March 17, 2017, the Company’s subsidiary entity, Compania Minera San Jose Ltd entered into farm purchase agreement with a third party to acquire two farms for consideration of $125,000 with the land size of 24.7 hectares and 97.7 hectares. A deposit has been paid and closing is scheduled for April 17, 2017. The Company will assume liabilities against the properties. The properties in Guaduas, Cundinamarca are being purchased for the operation of their coal and gravel mine and are contiguous to their existing greenfield property.  

On March 30, 2017, the Company formed a subsidiary in Florida, New Colombia Ventures, LLC. This subsidiary was formed to legally import and distribute in the U.S. and elsewhere medical marijuana products from another Company subsidiary in Colombia, Sannabis S.A.S. or others. New Colombia Ventures, LLC will become a distributor of Sannabis S.A.S. New Colombia Ventures, LLC is 51% owned by the Company, the remaining 49% is owned by others including the current Company President and a retired MLB All Star that will assist in marketing products. Marketing efforts have already begun. 

On April 6, 2017, the Company formed a subsidiary in Colombia, Eco R Mining, S.A.S. This subsidiary is 51% owned by the Company and 49% owned by MSG Mining Corp. (“MSG”) of Somerset, KY, formed to develop MSG’s coal mining Concession Contract # JC3-15231 in the Republic of Colombia to extract coal and possibly produce a Coke product for international and local sales. The Company expects to be mining this concession by June 2017. 

Item 8.01 Other Events.

The Company informs that an independent audit review is being performed by a registered PCAOB inspected auditing firm of their Form 10K annual report for Fiscal Year 2015.

 Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The exhibit listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.

None.

About New Colombia Resources, Inc. (OTCMKTS:NEWC)

New Colombia Resources, Inc. is a metallurgical coal company. The Company is focused on the acquisition and development of high quality metallurgical coal producers in Colombia. The Company is focusing on its La Tabaquera coal and rock project (the Project) located in the Municipality of Guaduas, approximately 100 kilometers northwest of Bogota. The 57 hectares La Tabaquera (in yellow) and the 390 hectares mine La Herradura (in Orange), are located to the west of the La Bermeja Ravine, crossing Rio Guaduero from north to south, with a linear extension of 2.5 kilometers north-south direction and 0.2 kilometers approximately, from east-west. The Company’s rock crushing plant has a processing capacity of over 100 cubic meters (m3)/hour of aggregates. The Company has a medical cannabis business in Colombia operating as Sannabis SAS.

New Colombia Resources, Inc. (OTCMKTS:NEWC) Recent Trading Information

New Colombia Resources, Inc. (OTCMKTS:NEWC) closed its last trading session up +0.0004 at 0.0101 with 6,155,580 shares trading hands.