Calgary, Alberta (FSCwire) - Softrock Minerals Ltd, or the company (SFT on the TSE-V),  is pleased to announce that as a result of a rights offering to its existing shareholders in the first half of 2018, it has increased its working capital from a deficit of $31,347 at the beginning of the year to a surplus of $ 230,332.

Most of the increase in working capital will be used in the company’s ongoing exploration and development  of lithium and cobalt prospects.

There was little change in oil and gas royalty revenue during the half as although the producing wells were capable, there was a shortage of processing facilities in the Valhalla Field ( formerly Charlie Lake) which precluded most production and the drilling of up to three more locations.

For further details please see filings of the Financial Statements and MD&A on www.SEDAR.com

For more information phone, fax or e-mail

President and CEO Honourable Nick Taylor at softrockminerals@shaw.ca , p 403-266-2605, x 403-266-2730

#1010, 825-8 Ave SW, Calgary, Alberta  T2P 2T3

Neither the TSX-V Exchange Nor its Regulation Service Provider (as the term is defined in the policies of the TSE-V Exchange) accepts the responsibility for the accuracy or adequacy of this release

40

To view the original release, please click here

To follow Softrock Minerals Ltd on your favorite social media platform or financial websites, please click on the icons below.

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire