CGFIA - Raises Authorized Shares to 35 billion 500 Million

CGFIA a $.0001 stock today, after hours, released an 8K outlining some changes. For one the authorized shares are now 35 BILLION 500 MILLION.

Who in their right mind would buy a few million shares knowing full well that there are over 35 BILLION shares potentially outstanding?

CGFIA, with this move in my opinion, is done. Stay AWAY.

Amendments to Articles of Incorporation; Change in Fiscal Year.

The Board of Directors approved, and the Company filed Pursuant to the provisions under the Nevada Revised Statutes 78.385 and 78.390, the following Amendment to the Articles of Incorporation of Colorado Goldfields Inc:

1. Name of the Corporation is Colorado Goldfields Inc.

2. Article IV of the Articles of Incorporation is amended and restated to read as follows:

ARTICLE IV is hereby amended and restated in its entirety to read as follows:

Section 4.01 Number and Class. The total number of shares of capital stock to which the Corporation has authority to issue is thirty five billion five hundred million (35,500,000,000). The total number of shares of Class A Common Stock which the Corporation is authorized to issue is thirty five billion (35,000,000,000) having a par value of $0.001 each. The total number of shares of Class B Common Stock which the Corporation is authorized to issue is five hundred million (500,000,000) having a par value of $0.001 each.

The Common Stock may be issued from time to time without action by the stockholders. The Common Stock may be issued for such consideration as may be fixed from time to time by the Board of Directors.

The Board of Directors of the Corporation shall have the authority, by resolution or resolutions, to: (1) issue such shares of Common Stock of either class in one of more series, with such voting powers, designations, preferences and rights or qualifications, limitations or restrictions thereof, (2) establish and fix the distinguishing designation of each such series and the number of shares thereof, which number, by like action of the Board of Directors, from time to time thereafter, may be increased, except when otherwise provided by the Board of Directors in creating such series, and (3) within the limitations of applicable law of the State of Nevada or as otherwise set forth in this Article, to fix and determine the relative voting powers, designations, preferences, limitations, restrictions and relative rights of the various classes or stock or series thereof and the qualifications, limitations or restrictions such rights of each series so established prior to the issuance thereof. There shall be no cumulative voting by shareholders.