January 14, 2005
SOFTROCK MINERALS RECEIVES FINAL PERMISSION FROM TSX VENTURE EXCHANGE FOR PRIVATE NON-BROKERED PLACEMENT
Softrock Minerals Ltd (the Corporation) announces that it has received final approval from the TSX Venture Exchange for its private non-brokered placement of 650,000 flow-through shares at $0.08 each having attached a one-half non-tradable warrant to buy one common share for $0.12 by January 01, 2006.
The shares were sold in units of $0.16, each unit consisting of 2 flow-through shares at $0.08 each, not to be traded before May 01, 2005.
Because of the expiration of a 1994 10 year escrow agreement in December 2004 involving 455,003 shares, the balance of issued and outstanding common shares of the Corporation following this issuance will be 13,179,497 common shares.
The proceeds from the placement will be used for working capital to advance natural resource property acquisition and exploration efforts in Western Canada.
On behalf of the Board of Directors
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