CALGARY, Dec. 20, 2012 /CNW/ - The Honourable Nick Taylor, President of
Softrock, in reporting on Softrock's Annual meeting of Shareholders
held in Calgary, Alberta November 30, 2012 expressed the regret of the
Board and shareholders attending that Arne Nielsen was stepping down
from the Board to better attend to his health and family.
"Arne's foresight, business sense, and knowledge of sedimentary geology
was invaluable to the company " Taylor said "And we all wish him good
health in the years ahead."
In speaking to the progress of Softrock, Taylor said the company is
anxiously awaiting the results of two or more horizontal wells to be
drilled offsetting Softrock's 50% owned one section lease in the Spirit
River area of northwest Alberta. "Acreage prices in the area have taken
off with prices reported to be in the range of 1 to 2 million dollars
per section," Taylor commented.
"Softrock's 315,085 acres of potash rights in northern Alberta, all
chosen after two years of geological, geophysical and geochemical
studies, are being circulated to companies who have indicated by their
activities an interest in potash." Taylor concluded
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SOURCE: Softrock Minerals Ltd.
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