New Issue: Colombia Goldfields closes $1.05 million private placement

By Sheri Kasprzak

New York, Oct. 18 - Colombia Goldfields, Inc. said it wrapped a private placement for $1,055,250.

The company sold 4,221,000 units at $0.25 each to 23 investors.

The units include one share and one warrant. The warrants are exercisable at $0.50 each for one year.

Based in Vancouver, B.C., Colombia is a gold exploration company.

Issuer:	Colombia Goldfields, Inc.
Issue:	Units of one share and one warrant
Amount:	$1,055,250
Units:	4,221,000
Price:	$0.25
Warrants:	One warrant per unit
Warrant expiration:	One year
Warrant strike price:	$0.50
Settlement date:	Oct. 14
Stock price:	$0.87 at close Oct. 14

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