Colorado Goldfields Inc. Funds Bond Increase to $515,000; Completes Pride of the West

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    Colorado Goldfields Inc. Funds Bond Increase to $515,000; Completes Pride of the West

    (PR-inside.com) LAKEWOOD, CO -- (Marketwire) -- 07/13/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that on June 9, 2011 the Company has satisfied the Joint Stipulation, dated February 4, 2011, between the Company and the Colorado Division of Reclamation, Mining and Safety ("DRMS").The stipulation provided for the payment of an additional financial warranty in the amount of $196,476 in four installments. With the acceptance of the June 10th payment, the total amount of financial warranty held by the Colorado Mined Land Reclamation Board is now $515,130.The financial warranty is in effect a surety bond that serves to guarantee ..

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