CALGARY, Feb. 6 /CNW/ - The Honourable Nick Taylor, president and CEO of
Softrock Minerals Ltd states that neither he, nor any of the directors
of the company, are aware of any reason for the large volume of the
company's shares (SFT) traded on the TSXV last Friday Feb 04.
He further states that although the company is negotiating on a number
of proposals, including acquiring a partner in its 100 percent owned
26,880 hectares (67,200 acres) of Northern Alberta Metallic &
Industrial Minerals Permits (Potash, Lithium, Hydrogen, etc.) plus oil
and gas farm-ins in its west central Alberta lands (Minhik), and heavy
oil in eastern Alberta, none seem to be near final resolution.
The company has also been approached by a number of financial
institutions regarding a possible new share issue but nothing has
developed here either.
Finally, last week the company was informed by the TSXV Exchange that
the 600,000 share options granted by the company to its directors
October 22, 2010 at $0.05 per share would not be allowed unless the
option price was increased to $0.10. The company is doing so.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
the term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release
SOURCE Softrock Minerals Ltd.
For further information:
Honourable Nick Taylor Pres of Softrock at 403-266-2605, firstname.lastname@example.org