8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) November 13, 2007

	Colombia Goldfields Ltd.
	(Exact Name of Registrant as Specified in Its Charter)
	Delaware
	(State or Other Jurisdictionof Incorporation)
000-51013		76-0730088
(Commission File Number)		(IRS Employer Identification No.)
208-8 King Street East, Toronto, Ontario Canada		M5C 1B5
(Address of Principal Executive Offices)		(Zip Code)
	(416) 203-3856
	(Registrant’s Telephone Number, Including Area Code)
	(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1

Item 2.02. Results of Operations and Financial Condition.

On November 13, 2007, Colombia Goldfields Ltd. (the “Company”) issued the press release attached hereto as Exhibit 99.1, announcing its results for the quarter ended September 30, 2007, which press release is incorporated by reference herein and furnished pursuant to Item 2.02 of Form 8-K.

The information in this Current Report on Form 8-K under this item 2.02, including the information set forth in Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section..

Item 9.01.Financial Statements and Exhibits.

(d)           Exhibits.

99.1 Press Release of the Company issued on November 13, 2007.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 13, 2007	Colombia Goldfields Ltd.
	By:	/s/ James Kopperson
		Name: James Kopperson Title:  Chief Financial Officer

3

EX-99.1

- 8 King Street, Suite 208 - Toronto Ontario, Canada - M5C 1B5 -

- tel: 416-361-9640 - fax: 416-361-0883

Colombia Goldfields Reports Update on Mineral Rights, Drilling and Social Program at Marmato Mountain

- Announces Third Quarter 2007 Financial Results -

(All amounts are reported in U.S. dollars unless otherwise indicated)

TORONTO, ON, NOVEMBER 13, 2007: Colombia Goldfields Ltd. (the “Company”) (TSX: GOL / OTCBB: CGDF) today announced its quarterly update on the mineral rights acquisition and drilling programs, as well as a status report on the progress of the social programs in the Marmato district. It also announced the unaudited results for the three month period ending September 30, 2007. During the third quarter of 2007, the Company continued to make progress towards its objective of consolidating ownership and defining a bulk-mineable ore body in the Marmato region of Colombia. Specifically, the Company increased its mineral ownership rights total during the quarter to 99 legally registered mines from existing Colombian titleholders with 3 additional mines purchased subsequent to the end of the quarter.

At the close of the third quarter, the Company had 4 drills operating at Marmato Mountain with a fifth drill in transit. From the inception of drilling through September 30, 2007, a total of5,700 meters have been drilled. Subsequent to the close of the quarter, an additional 3,000 meters were drilled. The total number of holes drilled to date is 42. This drilling program represents the first portion of the larger 60,000-meter drill program planned for Marmato Mountain to be completed by the end of 2008. The objective of the initial program is to convert the Company’s 5.3 million ounce historical inferred resource to a NI 43.101-compliant measured, indicated and inferred resource by Q1 2008. Micon International, the Company’s Toronto based consulting firm, is currently on site initiating this work.

During the quarter, the Company also provided an update on the Caramanta Exploration Project which surrounds its Marmato Mountain Development Project in Colombia. The Company had acquired an additional exploration property and carried out sampling programs that have defined a cluster of five distinct gold targets within the 32,000 hectares surrounding Marmato. The largest of the anomalies is Oro Fino, eight kilometers north of Marmato, where the Company has defined a large porphyry anomaly of coincident gold, copper and molybdenum in rock outcrop and soil samples. The other epithermal anomalies are El Salto, Pacora, Campana and San Bartolomé. An airborne magnetic and radiometric survey is planned to start before year-end to cover all of the Company’s mining titles in the Caramanta and Marmato areas, including the Marmato Gold Development Project and the Oro Fino, El Salto, Pacora and other exploration targets. This will be followed by initial diamond drilling programs on Oro Fino and at El Salto.

Social Program Update

During the third quarter, the Company established a Revolving Credit Fund, called CODESSMA, to be funded partially by the Company, to begin the process of creating new business opportunities in the Marmato area. These business opportunities were determined through a series of community meeting with the local residents.  By the end of September three new projects had been approved.  They were for coffee growing, a chicken farm, and a new cafeteria.  The Company´s social consultants, CASE, began several new projects, including training of 30 women, in conjunction with the Department of Caldas and with SENA (the Colombian Government Vocational Training arm), to produce uniforms for the company and for other groups in the area.  Another program, in conjunction with the Salamanca Company, will train 5 women to provide a catering service for the company.  The Company was in the process of identifying 10 families to develop organic nurseries for the Environmental Restoration projects and for the Reforestation in the Marmato area.  Studies were ongoing to determine the feasibility of cultivating higuerilla (produces castor oil) to produce bio diesel.

Unaudited results for the three-month period ended September 30, 2007

Operations during the three-month period ending September 30, 2007 resulted in a loss of $3.9 million or $0.06 per share, compared to a loss of $1.9 million or $0.04 per share for the same period of 2006. The operating loss for the third quarter of fiscal 2007 was mainly driven by mineral property exploration costs of $2.5 million (of which $216,426 relates to non-cash stock-based compensation) and general and administrative expenses of $1.6 million (of which $532,545 relates to non-cash stock-based compensation), along with a foreign exchange loss of $371,964.

Total assets at September 30, 2007 totaled $61.6 million, including mineral and exploration properties and rights of $57.4 million and cash and cash equivalents of $1.9 million, compared with total assets of $45.0 million at December 31, 2006. As of September 30,2007, stockholders equity was $45.7 million, compared to $29.2 million at December 31, 2006.

Transactions

The Company closed a Private Placement on August 14, 2007. This financing was arranged by Evergreen Capital Corporation Sarl of Geneva, Switzerland, which had the exclusive mandate to arrange the financing and was the lead placing agent, assisted by several other sub-agents in Europe. The offering consisted of 8,483,000 units at CDN$1.40 per unit to a total of 24 investors. Each unit consists of one share of our common stock and one-half warrant (the “warrant”) for a total of 8,483,000 common shares and 4,241,500 warrants issued. The total gross proceeds raised were CDN$11,876,200. Each warrant is exercisable for one common share at an exercise price of CDN$1.85 and the warrants are exercisable for 12 months following the closing of the offering. The warrant also requires the holder to exercise, upon notice from the Company, in the event that during any fifteen consecutive trading days, the common stock of the Company closes at or above CDN$2.25 on a recognized North American stock exchange.

The syndicate's fees for arranging the financing were 6% of the gross cash proceeds (CDN$712,572) and agents' warrants equivalent to 6.0% of the number of shares issued (508,980 agents’ warrants), exercisable for 36 months at CDN$1.40.

During the third quarter, the Company acquired the final 10% of RNC (Colombia) Limited. As consideration for the acquisition of the final 10% interest, Investcol was paid $300,000 and the Company issued 3,000,000 shares of its common stock.

At September 30, 2007, the corporate structure included 77.3 million outstanding common shares, 12.2 million warrants (weighted average price $2.15) and 4.1 million options (weighted average price $1.22); as a result, as at September 30, 2007, the Company would have 93.6 million shares outstanding in the event all outstanding warrants and options are exercised.

Listed on the Toronto Stock Exchange

During the quarter, the Company also accomplished one of its major goals for 2007 by listing its common shares on the Toronto Stock Exchange ("TSX") under the symbol GOL.

“The third quarter was a very successful quarter for us for many reasons. We were able to increase the number of mineral ownership rights, advance both our drilling and social programs at the Marmato site and also dramatically expand our exploration targets,” said J. Randy Martin, Chief Executive Officer and Vice Chairman. “In addition to the swift advancement of our projects, we also made successful corporate strides throughout the quarter as we completed our most recent financing and were able to list the Company’s shares on the TSX.”

Events Subsequent to the Close of the Quarter

On October 15, 2007, the Companyannounced that it had expanded its management team naming by Thomas (“Tom”) W. Lough as President of the Company.

Mr. Lough joined the Company with 27 years of experience in the mining industry, 12 of which were in Latin America. Concurrent with Mr. Lough’s appointment, J. Randy Martin, CEO of the Company, was elected as Vice Chairman of the Board of Directors.

The Company also has announced that an in independent committee of the Board has been formed to elect a Chairman. The Board expects to announce its selection in the fourth quarter of fiscal 2007. Mr. Martin has assumed the responsibilities of interim Chairman since the passing of Harry Hopmeyer in November of 2006.

As of the end of October 2007, twelve months of baseline environmental data had been collected with the baseline environmental report expected in early-2008.

About Colombia Goldfields

Colombia Goldfields Ltd., through its subsidiaries Compañia Minera de Caldas S.A. and Gavilan Minerals S.A., is developing a multi-million ounce gold resource in Colombia’s historic Marmato Mountain gold district.

Colombia Goldfields is traded in the US under the symbol CGDF, on the Toronto Stock Exchange under the symbol GOL, and in Germany under the symbol C2B. The Company's full September 30, 2007, unaudited consolidated financial statements and management's discussion and analysis are available at www.colombiagoldfields.com, EDGAR at www.sec.gov and SEDAR at www.sedar.com under the Company's profile.

Disclaimer

This release contains forward-looking statements that are based on the beliefs of Colombia Goldfield's management and reflect Colombia Goldfield's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate", "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Colombia Goldfields with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.

Company Contact:

Randy Martin, CEO & Vice Chairman

Colombia Goldfields Ltd. (TSX: GOL / OTC BB: CGDF)

8 King Street East, Suite 208

Toronto, Ontario, M5C 1B5

T: 416-203-3856

F: 416-361-0883

info@colombiagoldfields.com

www.colombiagoldfields.com

U.S. Investor Relations:	Canadian Investor Relations:
Michelle Roth Roth Investor Relations, Inc. Tel. +1 732 792 2200 Email: michelleroth@rothir.com	Martti Kangas The Equicom Group Toronto, ON 416-815-0700 x 243

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED BALANCE SHEETS

(unaudited)

	September 30,			December 31,
US Dollars	2007			2006
ASSETS
Current
Cash and cash equivalents	$	1,924,923		$	882,913
Prepaid expenses and deposits		711,861			176,347
Prepaid consulting fees (Note 5)		499,850			—
		3,136,634			1,059,260
Mineral and exploration properties and rights (Note 3)		57,420,549			43,528,386
Property and equipment, net of accumulated amortization (Note 4)		1,041,371			419,733
	$	61,598,554		$	45,007,379
LIABILITIES
Current
Accounts payable and accrued liabilities	$	1,706,806		$	428,133
Mineral property purchase obligations (Note 6)		2,901,468			5,609,538
		4,608,274			6,037,671
Non-Current
Deferred income tax liability (Notes 3 and 7)		11,337,557			9,759,524
		15,945,831			15,797,195
STOCKHOLDERS’ EQUITY
Common stock (Notes 5 & 12)
Authorized:
200,000,000 common shares, $0.00001 par value		773			560
Issued and Outstanding:
77,299,849 common shares (December 31, 2006, 56,039,849
common shares)
Additional paid-in capital (Note 5)		63,134,120			37,039,271
		63,134,893			37,039,831
Deficit accumulated during the exploration stage		(17,482,170	)		(7,829,647	)
		45,652,723			29,210,184
	$	61,598,554		$	45,007,379

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED STATEMENTS OPERATIONS

(unaudited)

	Three Months			Three Months			Nine Months			Nine Months			Cumulative From Inception (March 25, 2003)
	Ended			Ended			Ended			Ended			through
	September 30,			September 30,			September 30,			September 30,			September 30,
US Dollars	2007			2006			2007			2006			2007
REVENUES	$	—		$	—		$	—		$	—		$	—
OPERATING EXPENSES
Mineral property exploration expenses (Notes 3 and 5)		2,457,274			1,074,629			5,489,878			2,187,686			9,967,614
General and administrative (Note 5)		1,607,307			848,836			4,298,618			2,666,714			8,649,923
Foreign exchange		371,964			70,862			1,307,180			109,579			1,296,492
Amortization		38,022			2,059			77,601			19,694			145,706
Total operating expenses		4,474,567			1,996,386			11,173,277			4,983,673			20,059,735
Other income		(5,062	)		(50,764	)		(18,594	)		(103,187	)		(136,628	)
Loss from continuing operations before deferred income taxes		(4,469,505	)		(1,945,622	)		(11,154,683	)		(4,880,486	)		(19,923,107	)
Deferred income tax recovery (Note 7)		(539,550	)		—			(1,502,160	)		—			(2,431,110	)
Net loss from continuing operations		(3,929,955	)		(1,945,622	)		(9,652,523	)		(4,880,486	)		(17,491,997	)
Income from discontinued operations (Note 1)		—			—			—			—			9,827
Net loss	$	(3,929,955	)	$	(1,945,622	)	$	(9,652,523	)	$	(4,880,486	)	$	(17,482,170	)
LOSS PER SHARE - BASIC AND DILUTED	$	(0.06	)	$	(0.04	)	$	(0.15	)	$	(0.12	)
WEIGTHED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic and diluted		70,797,110			45,079,035			64,637,889			39,513,913

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

(unaudited) 

US Dollars	Common Shares			Stock Amount			Additional Paid-in Capital			Share Subscriptions Received		Deficit Accumulated During The Exploration Stage			Total Stockholders’ Equity (Deficiency)
Period Ended December 31, 2003 (see Note 1):
Issue of common stock for cash at $0.000125 per share on March 25, 2003		8		$	—		$	1		$	—	$	—		$	1
Issue of common stock for cash at $0.000125 per share on May 5, 2003		16,000,000			160			1,840			—		—			2,000
Repurchase of common stock for cash at $0.000125 per share on October 31, 2003		(8,000,008	)		(80	)		(920	)		—		—			(1,000	)
Donated Capital		—			—			35,200			—		—			35,200
Net loss for the twelve months ended December 31, 2003		—			—			—			—		(36,399	)		(36,399	)
Balance, December 31, 2003		8,000,000			80			36,121			—		(36,399	)		(198	)
Year Ended December 31, 2004:
Issue of common stock for  cash at $0.00625 per share on December 20, 2004		16,000,000			160			99,840			—		—			100,000
Donated Capital		—			—			19,200			—		—			19,200
Net loss for the twelve months ended December 31, 2004		—			—			—			—		(23,094	)		(23,094	)
Balance December 31, 2004		24,000,000			240			155,161			—		(59,493	)		95,908
Year Ended December 31, 2005:
Issue of common stock for mineral concession at $0.25 per share on September 22, 2005		1,000,000			10			249,990			—		—			250,000
Issue of 4,221,000 common stock for cash at $0.25 per share, and 368,100 of common stock for finder’s fee on October 14, 2005		4,589,100			46			1,055,204			—		—			1,055,250
Forgiveness of advances from a related party								4,999			—		—			4,999
Share Subscriptions Received		—			—			—			1,767,650		—			1,767,650
Net loss for the twelve months ended December 31, 2005		—			—			—			—		(1,491,470	)		(1,491,470	)
Balance, December 31, 2005		29,589,100		$	296		$	1,465,354		$	1,767,650	$	(1,550,963	)	$	1,682,337

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

(unaudited) 

										Deficit
										Accumulated
										During			Total
					Additional		Share			The			Stockholders’
	Common		Stock		Paid-in		Subscriptions			Exploration			Equity
US Dollars	Shares		Amount		Capital		Received			Stage			(Deficiency)
Balance, December 31, 2005		29,589,100	$	296	$	1,465,354	$	1,767,650		$	(1,550,963	)	$	1,682,337
Year Ended December 31, 2006:
Issue of common stock for cash at
$0.60 per share on January 24, 2006,
net of $187,565 finders fee		3,126,083		31		1,688,054		(1,767,650	)		—			(79,565	)
Issue of common stock for
mineral concessions at $1.90 per share
on February 14, 2006		1,000,000		10		1,899,990		—			—			1,900,000
Issue of common stock
for mineral concession at
$2.25 per share on April 10, 2006		1,000,000		10		2,249,990		—			—			2,250,000
Issue of common stock
for cash at $1.50 per unit (common
shares & warrants) less finders fee of
$585,060 on April 26, 2006		6,500,666		65		6,416,112		—			—			6,416,177
Issue of share purchase warrants with
April 26, 2006 common stock issuance		—		—		2,749,762		—			—			2,749,762
Issue of common stock for
Mineral concessions at $2.74
per share on April 28, 2006		2,000,000		20		5,479,980		—			—			5,480,000
Issue of common stock for mineral
concessions at $1.10 per share on August 22, 2006		4,200,000		42		4,619,958		—			—			4,620,000
Issue of common stock for mineral
concessions at $1.41 per share on September 25, 2006		1,150,000		11		1,621,489		—			—			1,621,500
Issue of common shares per exercise of
3,471,000 warrants on October 14, 2006		3,471,000		35		1,735,465		—			—			1,735,500
.
Issue of common stock for mineral
concessions at $1.28 per share on December 14, 2006.		4,000,000		40		5,119,960		—			—			5,120,000
Stock based compensation		—		—		1,993,157		—			—			1,993,157
Net loss for the twelve months ended
December 31, 2006						—		—			(6,278,684	)		(6,278,684	)
Balance December 31, 2006		56,036,849	$	560	$	37,039,271	$	—		$	(7,829,647	)	$	29,210,184

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

(unaudited)

									Deficit
									Accumulated
									During			Total
					Additional		Share		The			Stockholders’
	Common		Stock		Paid-in		Subscriptions		Exploration			Equity
US Dollars	Shares		Amount		Capital		Received		Stage			(Deficiency)
Balance, December 31, 2006		56,036,849	$	560	$	37,039,271	$	—	$	(7,829,647	)	$	29,210,184
Nine Months Ended September 30, 2007:
Issue of common stock
for cash at $1.00 per share less agents
fee of $541,200 on March 21, 2007		9,020,000		90		8,074,434		—		—			8,074,524
Issue of agents’ warrants in connection
with March 21, 2007 common stock issuance		—		—				—		—
						404,276							404,276
Issue of common stock for consulting
services		650,000		7		967,118		—		—			967,125
Issue of common stock to non-
management directors		60,000		1		72,599		—		—			72,600
Exercise of common stock options		50,000		—		37,500		—		—			37,500
Issue of common stock for cash at CDN
$1.40 per unit (common shares and
warrants) less agent’s fee of $610,733
on August 14, 2007.		8,483,000		85		9,260,049		—		—			9,260,134
Issue of share purchase warrants with
August 14, 2007 common stock less
agent’s fee of $59,085		—		—		925,665		—		—			925,665
Issue of agent’s warrants in connection
with August 14, 2007 common stock
issuance		—		—		308,011		—		—			308,011
Issuance of common stock for mineral
Concessions at $1.47 on September
14, 2007		3,000,000		30		4,409,970		—		—			4,410,000
Stock based compensation		—		—		1,635,227		—		—			1,635,227
Net loss for the nine months ended
September 30, 2007						—		—		(9,652,523	)		(9,652,523	)
Balance September 30, 2007		77,299,849	$	773	$	63,134,120	$	—	$	(17,482,170	)	$	45,652,723

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com

COLOMBIA GOLDFIELDS LTD.

(An Exploration Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited) 

													Cumulative Inception
	Three			Three			Nine			Nine			(March
	Months			Months			Months			Months			25, 2003)
	Ended			Ended			Ended			Ended			through
	September 30,			September 30,			September 30,			September 30,			September 30,
	2007			2006			2007			2006			2007
OPERATING ACTIVITIES:
Net loss	$	(3,929,955	)	$	(1,945,622	)	$	(9,652,523	)	$	(4,880,486	)	$	(17,482,170	)
Items not requiring cash outlay:
- Consulting fees		—			—			—			—			52,400
- Amortization		38,022			2,059			77,601			19,694			147,706
- Mineral property exploration		—			—			—			—			250,000
- Stock based compensation		748,971			600,468			2,175,103			1,782,623			4,168,260
- Deferred income taxes		(539,550	)		—			(1,502,160	)		—			(2,431,110	)
Changes in non-cash working capital items
- Accounts receivable		—			(649,007	)		—			(710,850	)		—
- Prepaid expenses and deposits		13,122			16,222			(535,514	)		—			(711,862	)
- Exploration expenditure advances		—			(56,078	)		—			—			—
- Accounts payable, accrued and other liabilities		1,010,938			2,127,891			2,039,012			1,793,380			2,467,145
- Due to/from related parties		—			158,202			—			158,202			4,999
Net cash provided by (used in) operating activities		(2,658,452	)		254,135			(7,398,481	)		(1,837,437	)		(13,534,632	)
FINANCING ACTIVITIES:
Issuance of securities, net of finder’s fees		10,493,810			—			18,972,610			9,086,374			32,718,385
Issuance of promissory notes		—			—			7,200,000			—			7,200,000
Repayment of promissory notes		(3,500,000	)		—			(7,200,000	)		—			(7,200,000	)
Exercise of stock options		—			—			37,500			—			37,500
Net cash provided by financing activities		6,993,810			—			19,010,110			9,086,374			32,755,885
INVESTING ACTIVITIES:
Purchase of mineral exploration rights		(4,195,886	)		(3,548,340	)		(9,870,380	)		(5,211,033	)		(16,109,253	)
Purchase of equipment		(676,538	)		(208,752	)		(699,239	)		(378,148	)		(1,166,077	)
Website development costs		—			—			—			—			(21,000	)
Net cash used in investing activities		(4,872,424	)		(3,757,092	)		(10,569,619	)		(5,589,181	)		(17,296,330	)
INCREASE (DECREASE) IN CASH		(537,066	)		(3,502,957	)		1,042,010			1,659,756			1,924,923
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		2,461,989			6,728,353			882,913			1,565,640			—
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1,924,923		$	3,225,396		$	1,924,923		$	3,225,396		$	1,924,923
SUPPLEMENTAL CASH FLOW INFORMATION
Interest and financing fees- promissory notes	$	134,480		$	—		$	365,391		$	—		$	365,391
Taxes	$	—		$	—		$	—		$	—		$	—

See accompanying Notes to Interim Consolidated Financial Statements at www.sec.gov or www.sedar.com