Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that the Company has extended their Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra") to August 31, 2012.
The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc. Existing shareholders of American Sierra will receive a ratio of restricted Colorado Goldfields Class A shares in exchange for their American Sierra shares.
American Sierra was incorporated in Nevada on January 30, 2007. It is focused on the acquisition, exploration, development, mining, and production of precious metals, with emphasis on gold and silver. The Company's plan of operation is to conduct mineral exploration activities in order to assess whether the sites possesses mineral deposits of go... http://ih.advfn.com/p.php?pid=nmona&article=51500267 ----------- wewewe.diesistkeineaufforderungzuirgendetwas.de |