News
Release
December
12 , 2003
Private
Placement
CALGARY,
Dec. 12 /CNW/ - Softrock Minerals Ltd. (the "Company") has reached
agreement on a non-brokered private placement of a minimum of 1,400,000
units and a maximum of 2,000,000 units at a price of $0.05 per unit for
gross proceeds of a minimum of $70,000 and a maximum of $100,000. Each
unit will consist of one common share and one-half of a common share purchase
warrant, with each whole warrant exercisable for a two-year period at
a price of $0.08 per share.
Insiders
of the Company have sold 1,450,000 free-trading common shares through
the facilities of the TSX Venture Exchange at a price of $0.05 per share.
The insiders will apply the net proceeds of the sale to fund the minimum
private placement.
The proceeds
from the placement will be used for working capital to advance natural
resource property acquisition and exploration efforts in Western Canada.
The placement is subject to acceptance by the TSX Venture Exchange.
On Behalf
of the Board of Directors
SOFTROCK
MINERALS LTD.
Per: "Nick
Taylor"
President
and Director
FOR FURTHER
INFORMATION PLEASE CONTACT:
Softrock
Minerals Ltd.
Nick Taylor
President
Ph:(403) 266-2605 or Fax:(403) 266-2730
Email: info@softrockminerals.com
The TSX Venture Exchange has not reviewed and does not accept the responsibility
for the adequacy or accuracy of this release.
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