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CALGARY, ALBERTA--(Marketwire - March 16, 2012) - 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. |
