July 10, 2006
SOFTROCK MINERALS ANNOUNCES THAT SOME HOLDERS OF ITS CONVERTIBLE DEBENTURES HAVE CONVERTED
The convertible debentures, issued September 30, 2005 for $77,000 are convertible to common shares at $0.09 with a one-half warrant attached to each share for another share for $0.13.
$42,000 worth of the convertible debentures have been converted into 466,667 common shares along with the $30,333 purchase of 233,333 shares through warrants.
The conversion and warrant purchase reduces the convertible debt held by Softrock from $77,000 to $35,000 and increases the balance of issued and outstanding shares to 16,029,446 from15,329,447.
The conversion and warrant purchase also increases insider, director, and president, the Honourable Nick Taylor’s holdings of Softrock Minerals common shares from 774,784 to 1,241,450.
On behalf of the Board of Directors
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