December 26, 2004
Flow-Through Private Placement
Softrock Minerals Ltd (the “company”) announces, that it intends to complete a non-brokered private placement to arms-length and non-arms-length investors.
Application will be filed with the TSX Venture Exchange to sell up to 625,000 Units at a price of $0.16 per Unit, each Unit comprised of 2 flow-through common shares at a deemed price of $0.08 per share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase a non-flow through common share at a price of $0.12 for a period of one year. Minimum subscription is one thousand dollars ($1,000).
It is expected that a 4% finder’s fee will apply to a portion of the offering purchased by arms-length investors. No other commissions will be paid. The financing is anticipated to close by the end of December 2004.
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
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