WESTERN GOLDFIELDS, INC.
40,804,334 Shares of Common Stock
$0.01 par value
We are registering up to 40,804,334 shares of our common stock, 13,605,000 shares of which are issuable upon exercise of warrants, 1,000,000 shares of which are issuable upon conversion of our outstanding shares of series “A-1" convertible preferred stock and 500,000 shares of which are issuable upon the exercise of our series “A-1” convertible preferred stock warrant, for sale by certain of our shareholders from time to time. The selling shareholders will receive all the proceeds from the sale of the offered shares. See “Selling Shareholders” on page 36 of this prospectus.
Our common stock is traded on the OTC Bulletin Board under the symbol “WGDF.OB.” On May 16, 2006, the last reported bid price of our common stock was $2.30 per share.
Western Goldfields, Inc. is a gold producer focused on bringing the Mesquite Mine, located in Imperial County, California into full production. The Company currently has 59,743,051 shares of common stock issued and outstanding and 110,563,896 shares of common stock on a fully diluted basis. For further details on Western Goldfields, Inc., please visit our website at www.westerngoldfields.com. |
