Softrock Minerals Ltd. to Issue Shares in Satisfaction of Debt
12 June 2020 - 3:36AM
Softrock Minerals Ltd. (TSXV: SFT) ("
Softrock" or
the "
Company") announces that subject to the
approval of the TSX Venture Exchange, it intends to issue 5,000,000
common shares to certain of its directors and officers and a spouse
of a director at a deemed price of $0.01 per share in satisfaction
of $50,000 owed to such persons pursuant to debentures of the
Company that are due to mature on June 15, 2020. Softrock
believes that repaying the debt with common shares rather than cash
will assist it in maintaining its capital resources and liquidity.
FOR FURTHER INFORMATION, PLEASE CONTACT: T.M.M. (Mac) Bender,
Chief Financial Officer Softrock Minerals Ltd. 403-266-2605
softrockminerals@shaw.ca
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