First Columbia takes in $12,995 via private placement of convertible

Promissory note was sold to Asher to finance short-term obligations

By Devika Patel

Knoxville, Tenn., Aug. 28 - First Columbia Gold Corp. sold a $12,995 unsecured convertible promissory note to Asher Enterprises, Inc. on Aug. 23, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced Aug. 8.

Proceeds will be used to meet short-term obligations and work requirements.

The gold explorer is based in Copacabana, Colombia.

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