Silver Fields Resources, Inc. (TSXV:SF) announced a non-brokered private placement of 5,000,000 non-flow through units at CAD 0.05 per unit and 3,500,000 flow-through units at CAD 0.07 per unit for gross proceeds of CAD 495,000 on February 21, 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 at an exercise price of CAD 0.10 for the first 12 months and at an exercise price of CAD 0.15 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 exercisable at an exercise price of CAD 0.10 for the first 12 months, and then at an exercise price of CAD 0.15 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 exercise price of each of the agent's warrants will be CAD 0.10 for the first 12 months of the term of the warrants, and at an exercise price of CAD 0.15 for the second 12 month term of the warrants. The transaction is subject to the approval of the TSX Venture Exchange.

On March 1, 2013, Silver Fields Resources, Inc. closed the transaction. The company issued 2,500,000 non flow through units for gross proceeds of CAD 125,000 and 100,000 flow-through units for gross proceeds of CAD 7,000. The company paid CAD 7,500 and 150,000 agent's warrants as finder's fee. An additional CAD 5,700 and 110,000 agent's warrants as finder's fee will be paid upon TSX Venture approval. Securities issued will have a hold period until July 2, 2013. TSX Venture Exchange has accepted for filing with respect to the transaction. The transaction saw participation from 14 placees. As part of the transaction, the company paid finder's fees of each CAD 500 and issued 10,000 nontransferable warrants each to Canaccord Genuity Corp. and Jordan Capital Markets Inc., CAD 6,500 and 130,000 non-transferable warrants to Haywood Securities Inc., CAD 5,700 and 110,000 non-transferable warrants to Sabrina Sim, and CAD 1,000 and 200,000 non-transferable warrants to Fab Carella. The warrants issued to finder's carry the same terms as those issued in the transaction. The company intended to close a second tranche.