March 19 , 2004
Softrock Minerals to complete financing this week
2004-03-19 14:49 ET - News Release
Mr. Nick Taylor reports:
Softrock Minerals intends to complete this week the non-brokered private placement to arm's-length and non-arm's-length investors it originally announced in Stockwatch December 22, 2003. Although application was filed for 150 $1,000 units, the total sold will be 70. Each unit consists of 8,000 flow-through common shares (at a deemed price of 10 cents per share), 2,500 non-flow-through common shares (at a deemed price of eight cents per share) and 10,500 non-transferrable common share purchase warrants. Each warrant will entitle the holder to purchase a non-flow-through common share at a price of 10 cents for a period of nine months.
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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility
for the adequacy or accuracy of this release.