News
Release
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:
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.
|