SFR: TSX-V VANCOUVER, Sept. 7 /CNW/ - Starfire Minerals Inc. has arranged a non-brokered private placement of three million units consisting of one million five hundred thousand flow-through units at $0.30 for a total of $450,000, with each flow-through unit consisting of one flow-through common share and one non-flow-through share purchase warrant exercisable at $0.35 for two years from the date of issue; and one million five hundred thousand non-flow-through units at $0.25 for a total of $375,000, with each non-flow-through unit consisting of one common share and one share purchase warrant exercisable at $0.35 for two years from the date of issue. A finder's fee of 10 per cent may be paid in non-flow-through units. The proceeds from the private placement will be used for the Company's three uranium exploration properties and for general working capital. The Company further announces that an updated NI 43-101 has been completed for the Capri property and will be available for viewing on the Company's web site at www.starfireminerals.ca and on SEDAR at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. "Greg MacRae" ------------------------------------ Greg MacRae Director THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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