Consolidated Goldfields Corporation (OTCPK:CDGF) acquired three properties in Alberta and Manitoba for $1.5 million in cash and stock on December 18, 2014. The purchase price includes aggregate cash payments of $0.05 million, an additional $0.05 milliion within 45 days of the closing and an additional $.175 million upon the Company's completion of certain financing transactions. Also, Consolidated Goldfields issued 23.5 million shares of its common stock and an additional 23.5 million shares issued and held in escrow, to be released upon the achievement of certain milestones.


Consolidated Goldfields Corporation (OTCPK:CDGF) completed the acquisition of three properties in Alberta and Manitoba on December 18, 2014.