Silver Fields Resources, Inc. (TSXV:SF) announced a non-brokered private placement of 2,000,000 non flow through units at CAD 0.05 per unit and 2,000,000 flow through units at CAD 0.05 per unit for aggregate gross proceeds of CAD 200,000 on December 19, 2013. Each non-flow through unit consists of one non-flow through common share and one share purchase warrant entitling the holder to acquire one non-flow through common share for a period of 24 months at CAD 0.05 for the first 12 months and at CAD 0.10 for the second 12 month term of the warrants. Each flow-through unit consists of one flow through common share and one share purchase warrant entitling the holder to acquire one non-flow through common share of the company for a period of 24 months at CAD 0.05 for the first 12 months, and at CAD 0.10 for the second 12 month term of the warrants.

The company will pay a finder's fee of 10% in cash and 10% in agent's warrants. The agent warrants have same terms as of the warrants to be issued in the transaction. The transaction is subject to the approval of the TSX Venture Exchange.