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Sandfire Resources America Inc C.SFR


Primary Symbol: V.SFR Alternate Symbol(s):  SRAFF

Sandfire Resources America Inc. is a Canada-based junior exploration company. The Company is focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, the United States. The Black Butte Copper Project is located approximately 17 miles north of White Sulphur Springs and includes the Johnny Lee Deposit, which contains a copper concentration. The Black Butte Copper Project is an underground mine. This project uses state-of-the-art technology and modern techniques to mine high-grade copper. The Company is an 86.9% subsidiary of Sandfire Resources Ltd.


TSXV:SFR - Post by User

Comment by requiemeternaon May 18, 2012 9:44am
208 Views
Post# 19924818

RE: RE: PP

RE: RE: PP

  Better be a lot of gold some where or they'll be all screwed. Share holders already got the screw.
"In addition, the Company may settle up to an aggregate of $2,700,000 in debt by issuance of up to an aggregate of 38,571,429 units (the "Debt Units") at a price of
.07 per Debt Unit to certain creditors of the Company. Each Debt Unit will be comprised of one common share and one share purchase warrant with each warrant being exercisable into one additional common share at a price of
.10/share for a period of five years from the date of issuance."

The private placement and shares for debt transactions are both subject to the approval of TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.

"Dan Mosher"

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