Colombia Energy Resources, Inc. Announces Board Changes, Effective October 31, 2012; Approves Amendment to the Section 3.7, Article III of the Bylaws
October 29, 2012 at 05:31 pm EDT
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On October 23, 2012, the Board of Directors of Colombia Energy Resources, Inc. appointed Edward P. Mooney as Chairman of the Board of Directors. On October 29, 2012, William C. Gibbs resigned as a director of the company. Effective October 31, 2012.
On October 23, 2012, the Board of Directors approved an amendment to the Section 3.7, Article III of the Bylaws.
Colombia Energy Resources, Inc. is an exploration stage company. The Company is engaged in the business of acquiring, developing and operating metallurgical coal assets in the Republic of Colombia, South America. The Companyâs projects include North Block Mining Project, Otanche Mining Project, Ruku Mining Complex and Boavita Mining Project. The Company owns coal mining concession contracts, which grants the right to explore and exploit coal deposits, in the departments of Boyaca and Santander, areas well-known for metallurgical coal formations, and is operating and developing metallurgical coal mines and conducting exploration of its coal deposits. The Companyâs current operations are focused on production, exploration and development activities. Through its wholly owned subsidiaries, the Company owns 100% of Colombia Clean Power S.A.S., which is a Colombian company established to acquire and develop coal concessions.
COLOMBIA ENERGY RESOURCES, INC. 
