Business
Softrock Minerals completes non-brokered private placement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.A./ CALG...
About this update from Criterium Energy Ltd
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE U.S.A./\n\n\nCALGARY, June 2 /CNW/ - Softrock Minerals Ltd. (the "Corporation" -\nTSXV:SFT) is pleased to announce that on May 29, 2008 it completed a\nnon-brokered private placement of two million units ("Units") at a price of\n$0.05 per Unit for aggregate gross proceeds of $100,000. Each Unit was\ncomprised of one (1) common share (a "Common Share") of the Corporation and\none (1) Common Share purchase warrant (a "Warrant") entitling the holder to\npurchase one (1) Common Share at an exercise price of $0.10 per share until\n4:30 p.m. (Calgary time) (the "Expiry Time") on that date that is 2 years from\nMay 29, 2008, provided that if at any time prior to the Expiry Time the\nweighted average trading price per Common Share for thirty (30) consecutive\ntrading days on the TSX Venture Exchange (the "Exchange") is $0.20 or greater,\nthe Warrants will expire five (5) business days from the date the Corporation\ngives notice of same to the holder.\n\n\nNone of Units were sold to any of the present shareholders of the\nCorporation.\n\n\nNet proceeds from the offering will be used for general working capital\npurposes.\n\n\nThe Common Shares and Warrants comprising the Units are subject to a four\nmonth hold period expiring September 30, 2008.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005001E\n\n\n","length":1636,"tagName":"div"}]