Softrock Announces Extension of Option to Acquire Mineral Claims
October 17 2019 - 6:17PM
Softrock Minerals Ltd ("Softrock" or the "Company") is pleased to
announce that it has entered into an amending agreement whereby it
has issued 600,000 common shares in the capital of the Company as
consideration to extend it's option to acquire a 100% interest
(subject to a 2% net smelter override) in 135 mineral claims
(cells) encompassing approximately 2763 ha. in the Dagny Lake area
of Ontario, 80 km northeast of Kenora. The claims (cells) are
in one solid block and lie in the English River sub-province belt
which hosts the Werner-Rex Lake cobalt deposit 20 km west. The
common shares are being issued in lieu of the payment of $12,000
cash required under the terms of the original option
agreement. Pursuant to the terms of the option, the Company
has until September 4, 2020 to make a final payment of $20,000 to
acquire the mineral claims. It is anticipated that the cash
saved by issuing the common shares will be used to do geological
and assessment work on the claims.
FOR FURTHER INFORMATION, PLEASE CONTACT:
The Honourable Nick Taylor, President and Chief
Executive OfficerSoftrock Minerals Ltd.Telephone: (403)
266-2605Email: softrockminerals@shaw.ca TSXV:
SFT
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