June 18, 2007
SOFTROCK PRESIDENT ANNOUNCES INCREASED FUNDS ON HAND.
In a news release reporting a Material Change to SEDAR, Softrock Minerals Ltd president, the Honourable Nick Taylor, states that due to an agreement made in 2003, the working capital of the company, Softrock Minerals Ltd (SFT on the TVX), has increased substantially in the last three months.
He states that “The company now has approximately $240,000 cash in the treasury plus over $300,000 in marketable securities giving the company one-half million dollars with which to look for further opportunities”.
He further elaborates that the company’s oil royalties are continuing to produce enough cash for day to day operations, but it is still too early to tell if the high volume pumping tests on the company’s two 30 percent interest Sparky heavy oil wells in the Manitou Lake area of Western Saskatchewan will prove the project economical enough to substantiate further drilling on the leases held.
On behalf of the Board of Directors
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