Colorado Goldfields, Inc. (OTCPK:CGFI) entered into a contract to acquire Silver Wing Mine from Jo Grant Mining Company, Inc. for $1.9 million on October 31, 2012. Under the terms of the contract, Colorado Goldfields will issue to Jo Grant Mining twelve million four-year restricted shares of CGFIA Class A common stock on or before January 6, 2013, Colorado Goldfields will also pay off the existing note in favor of a Colorado bank having a present balance of approximately $0.06 million, pay to Jo Grant Mining Company a sum of $0.05 million no later than January 6, 2013 and provide to Jo Grant Mining for a period of 99 years a 5% Net Smelter Royalty.
1st Jan change | Capi. | |
---|---|---|
-15.87% | 142B | |
-6.42% | 118B | |
-3.62% | 69.4B | |
+2.47% | 48.96B | |
+11.62% | 48.1B | |
+36.68% | 41B | |
+20.39% | 25.59B | |
+48.29% | 23.89B | |
+60.76% | 18.51B |