Stuart McDowall Acquires Common Shares of Softrock Minerals Ltd.
2020年6月19日 - 4:12AM
Pursuant to the early warning requirements of applicable securities
laws, Stuart McDowall announces that he has acquired an additional
2,000,000 common shares ("
Common Shares") of
Softrock Minerals Ltd. ("
Softrock") on the
exchange of Softrock’s outstanding convertible debentures
("
Debentures") for Common Shares at a deemed price
of $0.01 per Common Share. The 2,000,000 Common Shares were
issued in exchange for Debentures in the principal amount of
$20,000.
Prior to acquiring the Common Shares, Mr.
McDowall held 4,542,000 Common Shares representing approximately
11.40% of the then outstanding Common Shares. As a result of
the acquisition of the additional Common Shares, Mr. McDowall now
holds an aggregate of 6,542,000 Common Shares representing
approximately 14.59% of the issued and outstanding Common
Shares. Mr. McDowall also holds Common Share purchase
warrants entitling him to acquire an additional 2,554,000 Common
Shares representing approximately 5.69% of the currently
outstanding Common Shares and options to purchase an aggregate of
600,000 Common Shares representing approximately 1.34% of the
currently outstanding Common Shares. The Common Share
purchase warrants and options are exercisable at a price of $0.05
per share.
The Common Shares 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, dispose of some or all of the
existing or additional Common Shares or may continue to hold the
Common Shares.
FOR FURTHER INFORMATION OR TO OBTAIN A
COPY OF THE EARLY WARNING REPORT FILED IN CONJUNCTION WITH THIS
PRESS RELEASE, PLEASE CONTACT:
Stuart McDowall#405, 1732 9A Street S.W. Calgary,
Alberta T2T 3E6 403-807-9965
Softrock Minerals (TSXV:SFT)
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