03:50:01 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Softrock Minerals Ltd
Symbol SFT
Shares Issued 39,852,927
Close 2020-05-20 C$ 0.01
Market Cap C$ 398,529
Recent Sedar Documents

Softrock investor McDowall acquires 2.55M units

2020-05-26 16:59 ET - News Release

Mr. Stuart McDowall, an investor, reports

STUART MCDOWALL ACQUIRES SECURITIES OF SOFTROCK MINERALS LTD.

Pursuant to the early warning requirements of applicable securities laws, Stuart McDowall, in connection with Softrock Mineral Ltd.'s 2018 rights offering, has acquired an aggregate of 2,554,000 units at price of two cents per unit, each unit comprising one common share of Softrock and one common share purchase warrant entitling him to acquire an additional common share at a price of five cents until June 14, 2020.

Prior to acquiring the units, Mr. McDowall held 1,988,000 common shares, representing approximately 8.37 per cent of the then outstanding common shares. As a result of the acquisition of the units, Mr. McDowall now holds an aggregate of 4,542,000 common shares, representing approximately 11.40 per cent of the issued and outstanding common shares, and warrants entitling him to acquire an additional 2,554,000 common shares, representing approximately 6.41 per cent of the outstanding common shares.

The units were acquired for investment purposes only and not for the purpose of exercising control or direction over Softrock. Mr. McDowall may from time to time acquire additional common shares and/or warrants, dispose of some or all of the existing or additional common shares and/or warrants, or may continue to hold the common shares and warrants.

For further information or to obtain a copy of the early warning report filed in conjunction with this news release, please contact Mr. McDowall.

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