RENO, Nev.--(BUSINESS WIRE)--Consolidated Goldfields Corporation (“Consolidated” or the “Company”) (CDGF) is pleased to announce the results of the January 12, 2015, annual meeting of our shareholders.
At the meeting, Consolidated’s shareholders:
-- approved the Name Change from Consolidated Goldfields Corporation to Brilliant Sands Incorporated.
-- approved a 1-for-3 Reverse Stock Split of the Company’s issued and outstanding common stock.
Following the shareholders’ meeting, Consolidated’s President and CEO, Marc J. Andrews, commented, “We are pleased to have the overwhelming support of our shareholders as 77.3% of the eligible shares were represented and 95% of those votes were in favor of all motions put forward by the Company. The Board of Directors and management are excited to execute on the new business direction that has received outstanding support from our shareholders, which we feel will significantly enhance the value of the Company for the benefit of our shareholders moving forward.”
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “may,” “will,” “would,” “could,” “should,” “seeks,” or “scheduled to,” or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding future business strategy, plans and goals and other statements that are not historical facts. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. A copy of the Company's report for the year ending December 31, 2013, can be found on the OTC Pink marketplace website at www.otcmarkets.com.