Business
Starfire Minerals Inc. ("SFR") - TSX-V Accepts for filing a Property-Asset or Share Disposition Agreement
May 3, 2011 (Canada NewsWire Group) -- VANCOUVER, May 3 /CNW/ - Starfire Minerals Inc. ("...
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n May 3, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, May 3 /CNW/ - Starfire Minerals Inc. ("Starfire") announces\n that it has received confirmation from TSX-Venture Exchange and the\n confirmation is as follows:\n\n\n"This is to confirm that TSX Venture Exchange has accepted for filing a\n disposition agreement (the "Agreement") dated April 27, 2011 made\n between Starfire Minerals Inc. (the "Company") and Liaoning Eden\n Venture Investments Ltd. ("Liaoning") whereby the Company will enter\n into a joint venture agreement with Liaoning for the purpose of\n developing the Company's Porphyry Pearl Property (the "Property")\n located in the Omineca Mining District, British Columbia. Pursuant to\n the Agreement, the Company will incorporate a new company ("Newco") and\n dispose of 100% of its interest in the Property to Newco. The Company\n will maintain an initial 100% interest in Newco, which can be reduced\n to 49% if Liaoning funds an aggregate $9,000,000 in exploration\n expenditures over a 3 year period. Liaoning will earn a 17% interest in\n Newco for each $3,000,000 funded for an aggregate 51% interest in\n Newco."\n\n\nON BEHALF OF THE BOARD OF DIRECTORS OF\nSTARFIRE MINERALS INC.\n\n\n"Dan Mosher "\n\n\nDan Mosher, President & CEO\n\n\nTHIS PRESS RELEASE WAS PREPARED BY MANAGEMENT, WHO TAKES FULL\n RESPONSIBILITY FOR ITS CONTENTS. NEITHER THE TSX VENTURE EXCHANGE NOR\n ITS...