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SFT Softrock Minerals Ltd

0.045
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Softrock Minerals Ltd TSXV:SFT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.045 0.03 0.045 0 01:00:00

Softrock Announces Closing of Private Placement of Units

16/03/2012 6:38am

Marketwired Canada


Softrock Minerals Ltd. ("Softrock" or the "Company") (TSX VENTURE:SFT) is
pleased to announce that the Company has closed its previously announced private
placement of 2,000,000 units ("Units") of the Company at a price of $0.07 per
Unit for aggregate gross proceeds of $140,000. Each Unit consists of one common
share (a "Common Share") of Softrock and one Common Share purchase warrant (a
"Warrant") entitling the holder thereof to purchase one Common Share at a price
of $0.10 per share for a period of five years; provided that if the volume
weighted average trading of the Common Shares on the TSX Venture Exchange is
$0.25 per share or higher for 20 consecutive trading days, the Warrants will
expire within 30 days of the Company giving notice of such. 


Proceeds from the proposed financing will be used for general working capital
purposes.


All securities issued pursuant to the private placement are subject to a
four-month hold period. In connection with the private placement the Company
paid a finder's fee and issued broker warrants entitling the holder thereof to
acquire Units at a price of $0.07 per Unit for a period of five years.


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