The Honourable Nick Taylor Acquires Common Shares of Softrock Minerals Ltd.
June 18 2020 - 3:12PM
Pursuant to the early warning requirements of applicable securities
laws, Nick Taylor announces that he, together with his spouse, have
acquired an additional 3,000,000 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 3,000,000 Common Shares were issued in exchange
for Debentures held by Mr. Taylor and his spouse in the principal
amount of $30,000.
Prior to acquiring the Common Shares, Mr. Taylor
and his spouse held 3,411,665 Common Shares representing
approximately 8.56% of the then outstanding Common Shares. As
a result of the acquisition of the additional Common Shares, Mr.
Taylor and his spouse now hold an aggregate of 6,411,665 Common
Shares representing approximately 14.29% of the issued and
outstanding Common Shares. Mr. Taylor also holds Common Share
purchase warrants entitling him to acquire an additional 2,003,999
Common Shares representing approximately 4.47% 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. Taylor or his spouse 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:
Nick Taylor443 East Chestermere DriveChestermere,
Alberta T1X 1A3 403-266-2605
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