CALGARY, June 18 /CNW/ - In a news release reporting a Material Change to
SEDAR, Softrock Minerals Ltd president, the Honourable Nick Taylor, states
that due to an agreement made in 2003, the working capital of the company,
Softrock Minerals Ltd (SFT-TSX-Venture), has increased substantially in the
last three months.
He states that "The company now has approximately $240,000 cash in the
treasury plus over $300,000 in marketable securities giving the company
one-half million dollars with which to look for further opportunities."
He further elaborates that the company's oil royalties are continuing to
produce enough cash for day to day operations, but it is still too early to
tell if the high volume pumping tests on the company's two 30 percent interest
Sparky heavy oil wells in the Manitou Lake area of Western Saskatchewan will
prove the project economical enough to substantiate further drilling on the
On behalf of the Board of Directors
The Honourable Nick Taylor, President and CEO
The TSX Venture Exchange has not viewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: contact Softrock at (403) 266-2605, fax (403)
266-2730, or Email: email@example.com