Starfield Resources closes $2.3 million private placement offering

On February 26, 2009, Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) closed a private placement offering of flow-through common shares of the company for gross proceeds of $2,302,500. Dundee Securities Corporation acted as the lead agent in connection with the offering, along with GMP Securities L.P.

Starfield issued 9,210,000 flow through shares at a price of $0.25 per flow through share in accordance with the terms of the offering.

Starfield Resources Inc. is an advanced exploration and development stage company focused on its Ferguson Lake nickel-copper-cobalt-platinum-palladium property in Nunavut, Canada. Starfield will use the proceeds from the Flow Through Shares primarily for general exploration expenditures with the specific objective of advancing the Y Lake massive sulphides, as well as advancing the diamond and gold potential in the Y Lake and Grizzly Trend areas.

Starfield was advised in this transaction by a team from Fasken Martineau that included Craig Brown and Michael Gleeson, with the assistance of student-at-law Sarah Vokey.