Softrock Announces Increase in Working Capital with First Half 2018 MD&A and Financials
Calgary, Alberta (FSCwire) - Softrock Minerals Ltd, or the company (SFT on the TSE-V), is pleased to announce that as a result of a rights offering to its existing shareholders in the first half of 2018, it 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 ongoing 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 MD&A on www.SEDAR.com
For more information phone, fax or e-mail
President and CEO Honourable Nick Taylor at firstname.lastname@example.org , p 403-266-2605, x 403-266-2730
#1010, 825-8 Ave SW, Calgary, Alberta T2P 2T3
Neither the TSX-V Exchange Nor its Regulation Service Provider (as the term is defined in the policies of the TSE-V Exchange) accepts the responsibility for the accuracy or adequacy of this release
To view the original release, please click here
Source: Softrock Minerals Ltd (TSX Venture:SFT)
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