August 29, 2019
SOFTROCK MINERALS ANNOUNCES INCREASES IN FIRST HALF AND SECOND QUARTER INCOME
CALGARY, Aug. 29, 2019 /CNW/ - Softrock Minerals Ltd (SFT on TSX-V) is pleased to announce a sharp increase in revenue over both the second quarter and first half of 2019 over the same intervals in 2018.
Second Quarter revenue was $41,395 this year compared to $3,344 last year, and first half revenue this year was $49,190 compared to $9,760 last year.
Expenses have been kept the same so the company's profit has also increased. The increase in revenue and profit is due to an increase in oilwells that the company receives royalties from, from three wells to four with further increases expected sometime in the future as there are two more inside royalty locations to be drilled.
For further details please see the Financial Statements and MD&A or on www.SEDAR.com.
On behalf of the Board of Directors
The Honourable Nick Taylor, President and Chief Executive Officer
For further information please contact:
Softrock Minerals Ltd.
#1010, 825 – 8th Avenue SW
Calgary, Alberta T2P 2T3
Ph:(403) 266-2605 or Fax:(403) 266-2730
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.