Stuart McDowall Acquires Securities of Softrock Minerals Ltd.
May 26 2020 - 4:51PM
Pursuant to the early warning requirements of applicable securities
laws, Stuart McDowall announces that in connection with Softrock
Mineral Ltd.'s ("
Softrock") 2018 rights offering
he acquired an aggregate of 2,554,000 units
("
Units") at price of $0.02 per Unit, each Unit
being comprised of one common share ("
Common
Share") of Softrock and one Common Share purchase warrant
("
Warrant") entitling him to acquire an additional
Common Share at a price of $0.05 until June 14, 2020.
Prior to acquiring the Units Mr. McDowall held
1,988,000 Common Shares representing approximately 8.37% of the
then outstanding Common Shares. As a result of the
acquisition of the Units Mr. McDowall now holds an aggregate of
4,542,000 Common Shares representing approximately 11.40% of the
issued and outstanding Common Shares and Warrants entitling him to
acquire an additional 2,554,000 Common Shares representing
approximately 6.41% of the outstanding Common Shares.
The Units were acquired for investment purposes
only and not for the purpose of exercising control or direction
over Softrock. Mr. McDowall may from time to time acquire
additional Common Shares and/or Warrants, dispose of some or all of
the existing or additional Common Shares and/or Warrants or may
continue to hold the Common Shares and Warrants.
FOR FURTHER INFORMATION OR TO OBTAIN A
COPY OF THE EARLY WARNING REPORT FILED IN CONJUNCTION WITH THIS
PRESS RELEASE, PLEASE CONTACT:
Stuart McDowall#405, 1732 9A Street S.W. Calgary,
Alberta T2T 3E6 403-807-9965
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