Business
Starfire Minerals Inc. Announced $1,068,490 Private Placement
Starfire Minerals Inc. Announced $1,068,490 Private Placement.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.\n\n\nNEWSWIRE SERVICES/\n\n\nTSXV: SFR\n\n\nVANCOUVER, July 23 /CNW/ - Starfire Minerals Inc. (TSXV: SFR) is pleased\nto announce a non-brokered private placement of up to $1,068,490 through the\nsale of up to 3,561,634 units @ $0.30/unit. Each unit will consist of one\ncommon share and one-half of one two year warrant, with each whole warrant\nbeing exercisable at a price of $0.50/share in the first year and $0.75/share\nin the second year, subject to forced acceleration in the event the Company's\nshares close at a price of $0.66/share in the first year and $1.05/share in\nthe second year for 20 consecutive trading days.\n\n\nA finder's fee of a combination of cash, shares and/or warrants will be\npaid to eligible finders in relation to these financings, all in accordance\nwith regulatory policies.\n\n\nThe proceeds received will be used for general working capital.\n\n\nThe above transaction is subject to the approval of the TSX Venture\nExchange.\n\n\nThe securities proposed to be offered in the private placement have not\nbeen registered under the U.S. Securities Act of 1933, as amended, and may not\nbe offered or sold in the United States absent registration or an applicable\nexemption from the registration requirements.\n\n\nThis press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy any securities, nor shall there be any sale of\nthe securities in any state or other jurisdiction in which such offer,\nsolicitation or sale would be unlawful.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS OF\n\n\nSTARFIRE MINERALS INC.\n\n\n"Dan Mosher"\n\n\n---------------\n\n\nDan Mosher\n\n\nPresident/CEO\n\n\nTHIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL\n\n\nRESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT\n\n\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\n","length":2056,"tagName":"div"}]