Starfire Minerals Inc. - Consolidation

    




 TSXV:  SFR 

 VANCOUVER, Feb. 23, 2012 /CNW/ - Starfire Minerals Inc. ("Starfire" or the "Company") announces that effective as of the opening of trading on Friday,  February 24, 2012, the Company will consolidate its common share  capital on the basis of 40 pre-consolidation common shares held for one  new post-consolidation common share (40:1), such that the 85,737,100  issued and outstanding common shares of the Company will consolidate  into approximately 2,143,427 common shares. Any fractional shares  resulting from the consolidation comprising less than ½ common share  will be rounded down to the nearest whole number, and any fractional  shares comprising greater than or equal to ½ common share will be  converted into one whole common share. 

 The share consolidation was approved by the shareholders of the Company  at the annual general and special meeting held on December 21, 2011.  The consolidation has been accepted by the TSX Venture Exchange. 

 Letters of transmittal with respect to the consolidation have been  mailed to all registered shareholders of the Company. All registered  shareholders of the Company will be required to send their certificates  representing pre-consolidation common shares with a properly executed  letter of transmittal to the Company's transfer agent, Computershare  Investor Services Inc. ("Computershare"). Additional copies of letters of transmittal can be obtained from,  and inquiries regarding letters of transmittal can be directed to  Computershare's Corporate Actions department (by phone at  1-800-564-6253 or by e-mail to [e-mail]). 

 ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. 

 "Dan Mosher" Dan Mosher, President & CEO 

 THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL  RESPONSIBILITY FOR ITS CONTENTS NEITHER THE TSX VENTURE EXCHANGE NOR  ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE  POLICIIES OF THE TSX VENTURE EXCHANGE)  ACCEPTS RESPONSIBILITY FOR THE  ADEQUACY OR ACCURACY OF THIS RELEASE. 

Starfire Minerals Inc.


CONTACT:  Contact Norm Elliot at [e-mail] 


    

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