Starfield Announces Final Closing of Private Placement of Units

Starfield Resources Inc. (TSX:SRU,OTC:SRFDF) reports it has closed its private placement offering of units led by M Partners Inc.

The press release is quoted as saying,

Together with the flow-through unit closing announced on May 30, 2011, and this closing, the Company raised a total of $5,153,285.

The Offering consisted of the sale of $1,363,650 of units (the “Units”) at a price of $0.05 per Unit. Each Unit consisted of one common share and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of Starfield at a price of $0.08 for 24 months from the closing date.

For the complete press release, click here.