GOLDFIELDS INTERNATIONAL INC - FORM 10-K - XML - IDEA: XBRL DOCUMENT - April 30, 2012

Note 10.  Subsequent Events

In preparing these consolidated financial statements, management has evaluated information about subsequent events that became available to them through the date the consolidated financial statements were issued.  This information relates to events, transactions or changes in circumstances that would require them to adjust the amounts reported in the financial statements or to disclose information about those events, transactions or changes in circumstances.  The Company has noted the following events for disclosure

·         On February 22, 2012, the Company closed a private placement of 13,000,000 restricted common shares at $0.01 per share, for aggregate gross proceeds of $130,000 from one non-US investor pursuant to Regulation S of the Securities Act of 1933, as amended. 

·         On March 9, 2012, the Company’s Board of Directors authorized a 1-to-100 reverse split of the common stockholders of record on March 9, 2012, and authorized to change the Company’s name from American Goldfields Inc. to Goldfields International Inc.  The Company’s authorized capital will remain the same after giving effect to the reverse-split.  The name change has not been reflected in this filing as the Company has not filed a certificate of amendment with the State of Nevada as of the date of this filing.  The reverse split has not been reflected in this filing as the Company has not received approval from FINRA as of the date of this filing.