Business
Softrock $300,000 Flow-Through Financing
Softrock $300,000 Flow-Through Financing.
About this update from Criterium Energy Ltd
[{"type":"text","content":"\n\n\n\n\nCALGARY, May 17 /CNW/ - Softrock Minerals Ltd. is pleased to announce\nthat it has arranged a non-brokered private placement of 1,200,000 units at a\nprice of $0.25 per unit for gross proceeds of $300,000. Each unit consists of\none flow-through common share of Softrock and one non-transferable, non-flow-\nthrough share purchase warrant. Two warrants will entitle the holder to\nacquire one additional non-flow-through common share of the company at a price\nof $0.35 for a period of two years.\nThe common shares issued pursuant to the private placement will be\nsubject to a four-month hold period.\nA finder's fee will be paid in connection with the private placement. The\nnet proceeds from the private placement will be used to advance the\nexploration and development efforts of the company.\nThe private placement is subject to the approval of the TSX Venture\nExchange.\n\nOn behalf of the Board of Directors\nThe Honourable Nick Taylor President and CFO\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n%SEDAR: 00005001E\n\n\n","length":1174,"tagName":"div"}]