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| | August 24, 2007
Colorado Goldfields Inc. Announces Private Placement
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| | LAKEWOOD, Colo.- Colorado Goldfields Inc., Colorado Goldfields Inc., formerly Garpa Resources, Inc. (OTCBB:COGF - News; the "Company") is pleased to announce that it has arranged a private placement of units of up to US $3 million at a price of US $0.75 per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant being exercisable for a period of two years at an exercise price of US $1.00 per share. The private placement will be led by certain European institutional funds and will carry registration rights. Proceeds from the private placement will be used for any or all of the following: the Company's exploration drilling program, geophysical exploration, general exploration, improvements at the Company's Pride of the West Mill, mine rehabilitation, property acquisitions, repayment of short-term debt and general corporate purposes.
The securities to be issued in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act of 1933.
Contact:
Colorado Goldfields Inc.
Todd Hennis, President, 303-884-5324 |
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| | You can view the Next News Releases item: Wed Sep 19, 2007, Colorado Goldfields Inc. Commences Drilling Program
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This website contains historical and archived press releases for Colorado Goldfields, Inc. The information in these press releases is historical in nature, has not been updated, and is current only to the date indicated in the particular press release. This information may no longer be accurate and therefore you should not rely on the information contained in these press releases. To the extent permitted by law, Colorado Goldfields, Inc. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. | |
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