August 12, 2006
SOFTROCK MINERALS COMPLETES FIRST TRANCHE FLOW-THROUGH AND ANNOUNCES RESULTS OF ANNUAL MEETING
Softrock Minerals Ltd (SFT on TSX Venture Exchange) announces that they have completed the first tranche of a private flow-through financing announced May 17, 2006.
400,000 units were sold at $0.25 per unit for gross proceeds of $100,000, each unit consisting of one flow-through common share and a twenty-four month one-half warrant to purchase another common share for $0.35. A finder’s fee of 10% was paid. The proceeds will be used to complete a recently cased well in the Marsden area of Saskatchewan as announced July 25.2006 and follow-up seismic.
At the August 03, 2006 annual meeting directors, E. Denis Gagnon, J.B Keith McLean, Arne R Nielsen, and the Honourable Nick Taylor were re-elected plus new director Thomas M. M. Bender The meeting also approved an expanded stock option until June 10, 2008 at $0.20 of 100,000 shares to each director plus 50,000 shares to the president granted earlier by the board of directors and announced June 12, 2006. Auditors DCS chartered accountants were re-appointed.
At a subsequent meeting of the Board of Directors the following appointments were made: Honourable Nick Taylor as President and CEO, E. Denis Gagnon as Secretary, T. M. M. Bender as CFO: Audit and Reserves Committee, Taylor, Bender, Gagnon and Nielsen: Compensation and Corporate Governance Committee, Taylor, Gagnon, and McLean.
On behalf of the Board of Directors
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