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News Release
June 8, 2000
Softrock wipes out operating debt,
ready to roll
Softrock Minerals Ltd.
Shares
issued 9,872,000
2000-06-08 close $0.08
Thursday Jun 8 2000
Mr.
Keith McLean reviews the company:
The company has very recently wiped out its operating debt to
the extent that
it
is, effectively, out-of-debt and "ready
to roll." The directors are now
working
toward bettering the company's cash position in preparation for
more
productive times. Although still only a breeze, the winds of new
opportunity
are felt.
Softrock has a good base of 100% owned mineral exploration
properties in Greenland, where diamonds, nickel, copper, cobalt, gold,
and platinum group minerals are targeted. New efforts are being initiated
to raise the necessary support this year for continued exploration,
including drilling
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STATEMENT OF LOSS
Year
Ended Dec 31 |
| |
|
|
|
|
1999 |
|
1998 |
| Revenue
|
|
|
|
|
Oil and gas, net of royalties |
$38,035
|
|
$
50,842
|
|
Royalty income
|
7,469
|
|
363
|
| |
45,504 |
|
51,205 |
| |
|
|
|
| Expenses |
|
|
|
|
Oil and gas operating |
12,763
|
|
26,691
|
|
Accounting,
audit and legal |
18,428 |
|
19,943
|
|
General and Administration |
39,929
|
|
52,828
|
|
Depletion and depreciation |
18,604
|
|
32,847
|
| |
82,724
|
|
131,859
|
|
|
|
|
| Net (loss) |
($37,220)
|
|
$(80,654)
|
|
|
|
|
| (Loss) per share |
$(0.03)
|
|
$(0.08)
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Softrock trades on the Alberta Stock Exchange under the trading symbol
"SFT".
For further information please contact Keith McLean or Denis Gagnon (toll free) at 1-800-809-3411 or locally at 266-2605.
The Alberta Stock Exchange has neither approved or disapproved of the information contained herein.
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