February 23, 2012
SOFTROCK MINERALS LTD. ANNOUNCES PRIVATE PLACEMENT OF UNITS
(TSXV: SFT) is pleased to announce that the Company plans to issue and sell, on a private placement basis, up to 2,000,000 units ("Units") of the Company at a price of $0.07 per Unit. Each Unit will consist of one common share (a "Common Share") of Softrock and one Common Share purchase warrant (a "Warrant") entitling the holder thereof to purchase one Common Share at a price of $0.10 per share for a period of five years; provided that if the volume weighted average trading of the Common Shares on the TSX Venture Exchange is $0.25 per share or higher for 20 consecutive trading days, the Warrants will expire within 30 days of the Company giving notice of such.
Proceeds from the proposed financing will be used for general working capital purposes.
For further information please contact:
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
responsibility for the adequacy or accuracy of this release.