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. | |
---|---|---|
-11.64% | 15TCr | |
-3.30% | 12TCr | |
+4.43% | 7.51TCr | |
+10.42% | 4.85TCr | |
+2.78% | 4.85TCr | |
+33.41% | 4.03TCr | |
+83.41% | 2.84TCr | |
+26.01% | 2.71TCr | |
+55.06% | 1.86TCr |