Mr. Nick Taylor reports
SOFTROCK ANNOUNCES INCREASE IN WORKING CAPITAL WITH FIRST HALF 2018 MD&A AND FINANCIALS
As a result of a rights offering to its existing shareholders in the first half of 2018, Softrock Minerals Ltd. 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 continuing 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 management discussion and analysis on SEDAR.
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