CGFIA - Merger - News: Colorado Goldfields Inc.

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CGFIA - Merger - News: Colorado Goldfields Inc.

CGFIA - Colorado Goldfields

Colorado Goldfields Inc. Merger Roll-Up Continues to Grow Shareholder Base and Value -- Roll-Up Growth Strategy Doubles Share...

Colorado Goldfields A (QB) (USOTC:CGFIA)
Historical Stock Chart
1 Month : October 2011 to November 2011
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Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced yesterday that the Company has entered into a Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra"). The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc.
After successfully adding the Brooklyn, King Solomon, and the Pay Day and Rage uranium claim group to its asset base, the Company now continues its strategy to increase shareholder value by acquisition and merger.
"This 4th acquisition is a significant step not only in total growth, but represents a new level of attractiveness to many other mining companies. I believe this transaction will propel our roll-up strategy to a higher level. As our discussions with American Sierra continue, it becomes clear that the strategic expansion of our shareholder base opens up new growth prospects for our company and creates further potential for accessing external capital funding and new and valuable acquisitions aligned with our gold mining and milling rights roll-up model," stated Lee R. Rice, President and CEO of Colorado Goldfields.
"The fact that American Sierra on behalf of the Company's over seven thousand shareholders showed this commitment to Colorado Goldfields strongly supports our business model and the course our company is taking. After four years of total and consistent dedication and perseverance in the face of a very challenging world-wide economic climate, the strategic expansion of our shareholder base and the strengthening of our capital base opens up new growth prospects for us and creates further potential for acquisitions," said Stephen Guyer, CFO of Colorado Goldfields.
Gold stocks

About Colorado Goldfields Inc.

Colorado Goldfields Inc. (OTCQB: CGFIA) (Gold Mining Growth Company - USA Mining Stock - Colorado Goldfields Inc.) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements

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