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Starfield Resources Inc

Published : April 11th, 2008

announces $20 million private placement offering

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Keywords :   Canada | Cobalt |

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

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Starfield Resources Inc

EXPLORATION STAGE
CODE : SRU.TO
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Starfield Res. is a cobalt and copper exploration company based in Canada.

Starfield Res. holds various exploration projects in Canada.

Its main exploration properties are FERGUSON LAKE, DOME HILL, MOONLIGHT PROPERTY, BLUSTRY MOUNTAIN, FERGUSON (STAR/WYN) and STILLWATER in Canada.

Starfield Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.6 millions as of today (US$ 3.5 millions, € 2.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.93, and its lowest recent point on March 07, 2013 at CA$ 0.01.

Starfield Res. has 718 801 000 shares outstanding.

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Financings of Starfield Resources Inc
2/26/2009Announces $2.3 Million Private Placement Offering
5/6/2008Announces Closing of $20 Million Private Placement Offering
4/11/2008 announces $20 million private placement offering
Nominations of Starfield Resources Inc
4/10/2008Appoints Vice President of Exploration
Financials of Starfield Resources Inc
1/11/2013Reports Results For Third Quarter Ended November 30, 2012
7/10/2009Reports Results for the First Quarter ended May 31, 2009
1/9/2009Reports Results for Third Quarter ended November 30, 2008
4/25/2008Reports Results for Fourth Quarter and Fiscal 2008
1/14/2008 Reports Results for Third Quarter Of Fiscal 2008
Project news of Starfield Resources Inc
10/5/2009(Ferguson Lake)Announces Joint Venture Agreement For Diamond Exploration An...
3/2/2009(Ferguson Lake)Announces Final Core Assay Results From 2008 Exploration Pro...
11/10/2008(Ferguson (star/wyn))Provides Drilling Update and Additional Core Assay Results
9/19/2008(Ferguson Lake)Announces Further Core Assay Results From 2008 Drilling Prog...
8/27/2008(Ferguson Lake)Announces First Core Assay Results From 2008 Exploration Pro...
5/1/2008Files Complete Scoping Study to SEDAR
3/20/2008 Scoping Study Confirms Economic Potential at Ferguson Lake ...
2/25/2008(Ferguson Lake)Announces Full 2007 PGE Drill Results From Ferguson Lake
Corporate news of Starfield Resources Inc
1/29/2013. announces TSX delisting review
4/7/2010Plans Detailed Airborne Survey of Moonlight Copper Project
9/10/2009Announces Results Of Airborne Geophysical Survey And Update ...
6/24/2009To Acquire Nevoro Inc.
12/10/2008Discovers Diamond At Ferguson Lake
9/4/2008Announces Successful Test Results From Hydrometallurgical Pr...
8/14/2008Announces Remainder of Core Assay Results From 2007 Explorat...
3/20/2008President & CEO André J. Douchane To Appear on BNN TV
3/14/2008Announces Rhodium Assay Results
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TORONTO (SRU.TO)FRANKFURT (RE5.F)
0.005+0.00%
TORONTO
CA$ 0.005
03/07 11:17 -
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