By Devika Patel
Knoxville, Tenn., June 14 - Starfield Resources Inc. said it concluded a C$2.39 million private placement of units via agent Thomas Weisel Partners Canada Inc. The deal priced for C$2.1 million May 26.
The company sold 28,054,704 units of one flow-through share and one half-share warrant at C$0.085 apiece on a best-efforts basis. Each whole warrant is exercisable at C$0.15 for one year.
Proceeds will be used for exploration.
Starfield is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Starfield Resources Inc.
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Amount: | C$2,384,650
|
| Units: | 28,054,704
|
| Price: | C$0.085
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Agent: | Thomas Weisel Partners Canada Inc.
|
| Pricing date: | May 26
|
| Settlement date: | June 14
|
| Stock symbol: | TSX Venture: SRU
|
| Stock price: | C$0.08 at close May 25
|
| Market capitalization: | C$39.1 million
|
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