Softrock Announces Closing of Private Placement of Units
March 16 2012 - 2:38AM
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.
Softrock Minerals (TSXV:SFT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Softrock Minerals (TSXV:SFT)
Historical Stock Chart
From Dec 2023 to Dec 2024