Colorado Goldfields Inc. (fka CGFI)

[blue dog]

Merger... with whom?

In an 8-K filed yesterday, our sometimes-good friend American Sierra Gold Corp (AMNP) has announced a merger, but not with CGFIA:

Item 1.01 Entry Into a Material Definitive Agreement

On August 13, 2012, American Sierra Gold Corp. (the “Company”) entered into an Agreement and Plan of Merger (the “Agreement”) with its wholly owned subsidiary, American Sierra Gold Merger Corp., a Nevada corporation, (“MergerSub”) and Medinah Gold, Inc., a Nevada corporation (“Medinah”). Pursuant to the Agreement, Medinah will merge with and into MergerSub, each outstanding share of common stock, par value $0.001, of Medinah will be converted into the right to receive the one share of common stock of the Company, on a one-for-one basis and MergerSub will be the surviving corporation in the merger. Each share of common stock shall be duly authorized, validly issued fully paid and nonassessable. Upon conversion, each share of Medinah common stock shall be canceled, retired and cease to exist. The Company expects to issue approximately 54,000,000 shares of common stock to Medinah shareholders as part of the merger’s consideration.

http://ih.advfn.com/p.php?pid=nmona&article=53815400

Anyone have any thoughts on this?

Go $CGFIA