Not sure why this was never posted withALL of the mainstream newswires, but FYI, for those unaware, the co has raised $530,000 (after finder's fees) to get drilling as soon as the Sask coal permits start rolling in, right Chris?
The cut 'n paste isn't the best, but the info is still there:
SourceMARKET NEWS
Date07/29/2008
Time08:01:33 AM
CompanySilver Fields Resources Inc.
TitleCloses Private Placement
CDNX Symbol: SF
Press Release
Closes Private Placement --->@NEWS RELEASE
SILVER FIELDS RESOURCES INC ("SF-V")
- Closes Private Placement
Mr. Chris England, President and CEO of Silver Fields Resources Inc.
is pleased to announce that it has closed its non-brokered private
placement announced on June 18th, and June 23rd, 2008, for the issuance of
5,000,000 non flow-through units (the "NFT Units") at a price of $0.10 per
Unit, and the issuance of 700,000 flow-through units ("FT Units") at a
price of $0.10 per Unit (collectively NFT Units and the FT Units being
referred to herein as the "Units") to raise total gross proceeds of
$570,000.
Each NFT Unit consists of one common share and one non-transferable
share purchase warrant (the "NFT Warrants"),with each NFT Warrant entitling
the holder to purchase one additional common share at a price of $0.15 per
share until for a period of one year ending July 18, 2009.
Each FT Unit consists of one common share and one non-transferable
share purchase warrant (the "FT Warrants"), with each FT Warrant entitling
the holder to purchase one additional common share at a price of $0.18 per
share for a period of one year ending July 18, 2009.
The shares and any shares acquired upon the exercise of the warrants
are subject to a 4 month hold period, which expires November 18, 2008. The
net proceeds of the offering will be used in part for general working
capital and the "flow through portion" of the Private Placement will be
used for qualified Canadian Exploration Expenditures.
Finder's Fees of $41,600 have been paid in conjunction with this
Private Placement, as well as 520,000 Agent's Warrants. The warrants are
exercisable at $0.15 for a period of one year ending July 18th, 2009.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Capitalization Report for Silver Fields Resources Inc
Shares Issued: 73846891
Shares Escrow: 0
TSX Venture closing price for Silver Fields Res
Date: 2008/07/28
Closing Price: 0.075
TEL:604 684-0454Mr. Chris England, President
Email: info@silverfieldsresources.com
Website: www.silverfieldsresources.com
____________________________________________________________
(c)2008 Market News Publishing Inc.All rights reserved.
Toronto:(416)366-8881Vancouver:(604)689-1101Fax:(604)689-1106
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