Business
Softrock Minerals completes first tranche flow-through and announces results of annual meeting
Softrock Minerals completes first tranche flow-through and announces results of annual meeting.
About this update from Criterium Energy Ltd
[{"type":"text","content":"\n\n\n\n\nCALGARY, Aug. 12 /CNW/ - Softrock Minerals Ltd (SFT on TSX Venture\nExchange) announces that they have completed the first tranche of a private\nflow-through financing announced May 17,2006.\n400,000 units were sold at $0.25 per unit for gross proceeds of $100,000,\neach unit consisting of one flow-through common share and a twenty-four month\none-half warrant to purchase another common share for $0.35. A finders fee of\n10% was paid. The proceeds will be used to complete a recently cased well in\nthe Marsden area of Saskatchewan as announced July 25, 2006 and follow-up\nseismic.\nAt the August 03, 2006 annual meeting directors, E.Denis Gagnon, J.B\nKeith McLean, Arne R Nielsen, and the Honourable Nick Taylor were re-elected\nplus new director Thomas M. M. Bender. The meeting also approved an expanded\nstock option until June 10, 2008 at $0.20 of 100,000 shares to each director\nplus 50,000 shares to the president granted earlier by the board of directors\nand announced June 12, 2006. Auditors DCS chartered accountants were\nre-appointed.\nAt a subsequent meeting of the Board of Directors the following\nappointments were made: Honourable Nick Taylor as President and CEO, E. Denis\nGagnon as Secretary, T. M. M. Bender as CFO, Audit and Reserves Committee;\nTaylor, Bender, Gagnon, and Nielsen; Compensation and Corporate Governance\nCommittee, Taylor, Gagnon, and McLean.\n\nOn behalf of the Board of Directors\n\nThe Honourable Nick Taylor, President and CEO\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":1679,"tagName":"div"}]