Mr. Nick Taylor reports
SOFTROCK ANNOUNCES EXTENSION OF OPTION TO ACQUIRE MINERAL CLAIMS
Softrock Minerals Ltd. has entered into an amending agreement whereby it has issued 600,000 common shares in the capital of the company as consideration to extend its option to acquire a 100-per-cent interest (subject to a 2-per-cent net smelter override) in 135 mineral claims (cells) encompassing approximately 2,763 hectares in the Dagny Lake area of Ontario, 80 kilometres northeast of Kenora. The claims (cells) are in one solid block and lie in the English River subprovince belt, which hosts the Werner-Rex Lake cobalt deposit 20 kilometres west. The common shares are being issued in lieu of the payment of $12,000 cash required under the terms of the original option agreement. Pursuant to the terms of the option, the company has until Sept. 4, 2020, to make a final payment of $20,000 to acquire the mineral claims. It is anticipated that the cash saved by issuing the common shares will be used to do geological and assessment work on the claims.
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