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Sandfire Resources America Inc.
Starfire arranges 3,000,000 unit financing for $825,000
Published Sep 8 2005
5 min read

Starfire arranges 3,000,000 unit financing for $825,000

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

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