December 22 , 2003
Flow-Through Private Placement
CALGARY, Dec. 22 /CNW/ - Softrock Minerals Ltd. (the "Company") (SFT: TSX-VEN) announces that it intends to complete a non-brokered private placement to arm's length and non-arm's length investors. Application will be filed with the TSX Venture Exchange to sell up to 150 Units at a price of $1,000 per Unit, each Unit comprised of 8,000 flow-through common shares (at a deemed price of $0.10 per share), 2,500 non-flow-through common shares (at a deemed price of $0.08 per share) and 10,500 non-transferable common share purchase warrants. Each warrant will entitle the holder to purchase a non- flow-through common share at a price of $0.10 for a period of 9 months.
It is expected that a 3% finder's fee will apply to a portion of the offering purchased by arm's length investors. No other commissions will be paid. The financing is anticipated to close by the end of December.
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: