(PR-inside.com) LAKEWOOD, CO -- (Marketwire) -- 11/02/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced yesterday that the Company has entered into a Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra"). The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc.After successfully adding the Brooklyn, King Solomon, and the Pay Day and Rage uranium claim group to its asset base, the Company now continues its strategy to increase shareholder value by acquisition and merger."This 4th acquisition is a significant step not only in total growth, ..
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