Attention Business Editors:
Starfield announces $20 million private placement offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE U.S./
TORONTO, April 10 /CNW/ - Starfield Resources Inc. ("Starfield" or the
"Company") (TSX: SRU) is pleased to announce a "best efforts" private
placement offering consisting of up to 15,000,000 flow-through common shares
of the Company ("Flow-Through Shares") at a price of $1.00 per Flow-Through
Share and of up to 5,555,556 common shares of the Company (the "Common
Shares") at a price of $0.90 per Common Share (the "Offering") for aggregate
gross proceeds of up to approximately $20,000,000.
Starfield will use the proceeds from the Offering for general exploration
expenditures and general working capital purposes.
GMP Securities L.P. ("GMP") will act as the lead agent for a syndicate of
agents that includes Dundee Securities Corporation, Thomas Weisel Partners
Canada Inc. and National Bank Financial Inc. and will offer the Flow-Through
Shares and Common Shares on a best efforts basis.
The Company has provided GMP with an option (the "Agents' Option")
exercisable until the closing date to purchase or offer for sale up to an
additional 833,333 Common Shares for additional gross proceeds of up to
$750,000. The closing of the Offering is expected to occur on or about May 6,
2008 and is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals including the approval of the Toronto Stock
Exchange (the "TSX"). The Offering will be made available in all provinces and
territories of Canada.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Flow-Through Shares or Common
Shares (the "Securities") in the United States. The Securities have not been
and will not be registered under the U.S. Securities Act or any state
securities laws, and may not be offered or sold in the United States without
registration under the U.S. Securities Act and all applicable state securities
laws, or an exemption therefrom. Any public offering of the Securities to be
made in the United States will be made by means of a prospectus that may be
obtained from Starfield or a selling security holder and that will contain
detailed information about the Company and management, as well as financial
statements. No public offering of the Securities will be made in the United
States in connection with the above-mentioned transaction.
About Starfield
Starfield Resources Inc. is an advanced exploration and emerging early
stage development company focused on its Ferguson Lake
Nickel-Copper-Platinum-Palladium-Cobalt property in Nunavut, Canada. The
property is emerging as Nunavut's largest ongoing base and precious metal
project. Starfield has developed a novel, environmentally friendly and
energy-efficient hydrometallurgical flowsheet to recover metals from massive
sulphides at Ferguson Lake.
For further information: Andr� J. Douchane, President and CEO, (416) 860-0400
ext. 222, adouchane@starfieldres.com; Greg Van Staveren, Chief Financial
Officer, (416) 860-0400 ext. 223, gvanstaveren@starfieldres.com; Connie
Anderson, Investor Relations, (416) 860-0400 ext. 228,
canderson@starfieldres.com; www.starfieldres.com
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : SRU.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Starfield Res. est une société d’exploration minière de cobalt et de cuivre basée au Canada. Starfield Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont FERGUSON LAKE, DOME HILL, MOONLIGHT PROPERTY, BLUSTRY MOUNTAIN, FERGUSON (STAR/WYN) et STILLWATER au Canada. Starfield Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 237 211 (230 783 US$, 176 226 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,93 , et son plus bas niveau récent le 07 mars 2013 à 0,01 . Starfield Res. possède 47 442 200 actions en circulation. |