Sales Process

Page last updated: March 15, 2013

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

On March 7, 2013, Starfield Resources Inc. (“Starfield” or the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and PricewaterhouseCoopers Inc. was named as the trustee under the NOI (the “Trustee”).

On March 15, 2013, the Ontario Superior Court of Justice — Commercial List (the “Court”) granted an Order approving the sales process and authorizing the Company and the Trustee to take such steps as necessary to carry out the sales process.

Starfield is an advanced exploration and emerging early-stage development company exploring for copper, cobalt, nickel and platinum group elements (“PGE”) in North America. The Company has three main projects:

  • A nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut;
  • A nickel-copper deposit, two nickel-copper exploration targets, as well as a chromite resource and PGE exploration potential in Montana's Stillwater District; and
  • A copper-silver project in California's historic Lights Creek Mining District.

Additional assets include one early stage Nevada gold property, currently held under an option to purchase agreement with a U.S. gold company.

The Trustee, in consultation with Starfield, is conducting a sale of the Company’s assets on a going concern or other basis, as appropriate. PricewaterhouseCoopers Corporate Finance has been retained by the Trustee to assist with contacting potential interested parties to discuss this opportunity. Non-binding offers are due April 12, 2013. For more details regarding this acquisition opportunity please refer to the “Information Memorandum” attached below.

More detailed information will be available to those who execute a Confidentiality Agreement.

To obtain a Confidentiality Agreement, or to discuss specific questions regarding this opportunity, please contact the Company’s exclusive financial advisor in this matter.

Starfield Information Memorandum March 2013 Starfield Information Memorandum March 2013

Contact Information

To obtain more information on this opportunity, please contact:

PricewaterhouseCoopers Corporate Finance
PwC Tower
18 York Street, Suite 2600
Toronto, ON M5J 0B2

Eric Castonguay, Telephone: +1 416 815 5094, or via Email.