Business
Softrock Minerals announces that some holders of its convertible debentures have converted
Softrock Minerals announces that some holders of its convertible debentures have converted.
About this update from Criterium Energy Ltd
[{"type":"text","content":"\n\n\n\n\nCALGARY, July 10 /CNW/ - The convertible debentures, issued September 30,\n2005 for $77,000 are convertible to common shares at $0.09 with a one-half\nwarrant attached to each share for another share for $0.13.\n$42,000 worth of the convertible debentures have been converted into\n466,667 common shares along with the $30,333 purchase of 233,333 shares\nthrough warrants.\nThe conversion and warrant purchase reduces the convertible debt held by\nSoftrock from $77,000 to $35,000 and increases the balance of issued and\noutstanding shares to 16,029,446 from 15,329,447.\nThe conversion and warrant purchase also increases insider, director, and\npresident, the Honourable Nick Taylor's holdings of Softrock Minerals common\nshares from 774,784 to 1,241,450.\n\n\nOn behalf of the Board of Directors\nThe Honourable Nick Taylor, President and CEO\n\n\nThe TSX Venture Exchange has not viewed and does not accept\nresponsibility for the adequacy or accuracy of this release\n\n%SEDAR: 00005001E\n\n\n","length":1057,"tagName":"div"}]