News ReleaseMay 17, 2006SOFTROCK MINERALS ANNOUNCES $300,000 FLOW-THROUGH FINANCINGSoftrock Minerals Ltd. is pleased to announce that it has arranged a non-brokered private placement of 1,200,000 units at a price of $0.25 per unit for gross proceeds of $300,000. Each unit consists of one flow-through common share of Softrock and one non-transferable, non-flow-through share purchase warrant. Two warrants will entitle the holder to acquire one additional non-flow-through common share of the company at a price of $0.35 for a period of two years. The common shares issued pursuant to the private placement will be subject to a four-month hold period. A finder's fee will be paid in connection with the private placement. The net proceeds from the private placement will be used to advance the exploration and development efforts of the company. The private placement is subject to the approval of the TSX Venture Exchange. On behalf of the Board of Directors For further information please contact: The TSX Venture Exchange has not reviewed and does not accept responsibility
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