From an email I received on the PP:
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THE C$750,000 PRIVATE PLACEMENT FINANCING
The private placement will be composed of two portions:
(1) an issuance of up to 1,000,000 special warrants at C$0.50 per unit,
composed of one flow through common share and one half of a purchase
warrant giving the holder the right to subscribe for an additional common
share for a full purchase warrant at the price of C$0.60 per share within
one year from date of issuance; and,
2) an issuance of a minimum of 500,000 special warrants at C$0.50 per
unit, composed of one common share and one purchase warrant giving the
holder the right to subscribe for an additional common share at the price
of C$0.60 per share within one year from date of issuance.
SRU intends to petition the ASE for a nominal four-month hold period on the
stock.
REASONS WHY THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY
SRU / Ferguson Lake is by far and away the best nickel exploration
opportunity available to investors, offering much greater potential returns
than Nuinsco's Lac Rocher or any of the other Ni-Cu-Co plays currently in
the news. We believe that over the next one to two years, Starfield
Resources could become the next Diamond Fields.
What makes an investment in SRU much more attractive than Nuinsco et al?
Several factors, including:
(1) An opportunity to buy into SRU at below-market prices. Why purchase
Nuinsco at C$3 (or more) per share when you can buy into SRU for
C$0.50/share and get a C$0.60 warrant good for a year? Canadian investors
have the added flexibility of electing to subscribing for flow-through
units.
(2) SRU has a far better structure - only one-fifth as many shares
outstanding as Nuinsco.
(3) Ferguson Lake has the potential to host a world-class (> 100 million
tonnes), bulk mineable Ni-Cu-Co-Pt-Pt deposit, whereas the nature of the
Lac Rocher areas plays are for small tonnage, high-grade occurrences
(4) Being at an advanced stage of development, work programs at Ferguson
Lake will be geared towards drilling off the deposit and establishing the
ultimate tonnage, grades and economic viability. Results will come quickly
- SRU intends to be on the property and drilling by early April. As an
investment, you can expect that SRU shares will perform in a similar manner
to Argentina Gold. As has been the case with ARP's Veladero project in
Argentina, Starfield Resources' shares should rapidly increase in value as
the reserves are expanded.
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