RF Colorado Ventures, LLC signed an agreement to acquire 98.2% stake in Rangeford Resources, Inc. (OTCBB:RGFR) from Orphan Holdings of Texas, Inc. for $0.3 million in cash on June 28, 2012. The consideration of $0.15 million is paid to Orphan Holdings of Texas at the time of signing of the agreement and the balance of $0.15 million shall be paid in the form of cash at closing. RF Colorado Ventures, LLC commenced a private offering of its equity interests in order to purchase the 9.9 million shares of Rangeford Resources, Inc. Upon closing, RF Colorado will become the majority and controlling shareholder of Rangeford Resources. A total deposit of $0.15 million is non-refundable RF Colorado fails to perform under the conditions precedent to the consummation of the purchase. The agreement provides for resignation of Rangeford Resources' sole Officer and Director, Frederick Zeigler and appointment of nominees of RF Colorado to the Board of Directors. Zeigler has agreed to remain as an officer and Director of Rangeford for the interim. The closing shall be completed by delivery to escrow agent of the requisite closing documents, cash consideration and share certificates on or before July 31, 2012. The deal is subject to the approval of the Board of Rangeford Resources. Michael A. Littman acted as escrow agent in the transaction.