Softrock Minerals announces shareholder conference final results in

Elwanda Tulloch

Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination, directly or indirectly, in total or in part, in or into the United States CALGARY, Alberta, Sept. 08, 2022 (Globe NEWSWIRE) — Softrock Minerals Ltd. (“Softrock” or the “Company”) (TSXV: SFT.V) is pleased to announce that […]

Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination, directly or indirectly, in total or in part, in or into the United States

CALGARY, Alberta, Sept. 08, 2022 (Globe NEWSWIRE) — Softrock Minerals Ltd. (“Softrock” or the “Company”) (TSXV: SFT.V) is pleased to announce that all issues put before the special conference of shareholders of Softrock held now have been overwhelmingly accredited by the Softrock shareholders.

Approvals (which includes the percentage of votes solid in favour) integrated:

  1. the alter of administration to Robin Auld (CEO), Matthew Klukas (COO), Henry Groen (CFO), and Hendra Jaya (Director, Indonesia) and the reconstitution of the board of directors of Softrock to Brian Anderson (Chairman), Michele Stanners, and Robin Auld (collectively, the “Transform of Management”) (authorized by 99.1% of the votes forged)
  2. the name change from “Softrock Minerals Ltd.” to “Criterium Vitality Ltd.” (the “Name Change”) (accredited by 98.9% of the votes solid)
  3. the adoption of new by-legislation of the Business (permitted by 98.6% of the votes solid)
  4. the approval of the amended and restated stock possibility strategy of the Corporation (permitted by 99.% of the votes cast) and
  5. the acceptance of the new share award incentive approach of the Enterprise (approved by 99.1% of the votes cast).

Recapitalization Transaction Update

The Organization intends to full the Alter of Administration, the earlier declared personal placement of models of the Organization and the other transactions (collectively, the “Recapitalization Transaction”) contemplated by the reorganization and financial investment agreement dated July 12, 2022 involving the Corporation and the first investor team by mid-September, subject to the receipt of customary regulatory approvals, which includes the acceptance of the TSX Undertaking Exchange. Next the completion of the Recapitalization Transaction, the Business intends to file all necessary documents with the Alberta Company Registry to full the Name Alter. In relationship with the Title Alter, the Organization has reserved the stock trading symbol “CEQ”. Trading under the new image on the TSX Enterprise Trade is expected to manifest soon subsequent the completion of the Name Change.

Forward-on the lookout info and statements

Particular information and facts contained herein could represent ahead-on the lookout statements and facts (collectively, “forward-on the lookout statements”) within the meaning of relevant securities laws that require recognized and unidentified hazards, assumptions, uncertainties and other variables. Forward-seeking statements might be determined by words and phrases like “anticipates”, “estimates”, “expects”, “indicates”, “intends”, “may”, “could”, “should”, “would”, “plans”, “proposed”, “potential”, “will”, and equivalent expressions. Ahead-searching statements in this information launch incorporate: the expected timing of the completion of the Recapitalization Transaction and the Name Modify the expected timing of trading the Prevalent Shares beneath the new inventory symbol and other very similar statements. These types of statements reflect the present-day sights of the Company with respect to long run functions and are matter to selected hazards, uncertainties and assumptions that could trigger results to differ materially from individuals expressed in the forward-seeking statements. True results attained will vary from the facts provided herein as a outcome of several recognized and not known hazards and uncertainties and other variables. This sort of things involve, but are not minimal to: that the completion of the Recapitalization Transaction could be delayed if parties are unable to satisfy the remaining closing disorders on the expected timeline or if receipt of TSXV acceptance for the Recapitalization Transaction is delayed that the Recapitalization Transaction will not be concluded if all of remaining ailments to closing are not happy or waived and these other identical dangers and uncertainties. The impact of any one particular assumption, risk, uncertainty or other factor on a ahead-on the lookout statement are unable to be identified with certainty, as these are interdependent and the Corporation’s upcoming training course of motion relies upon on the evaluation of all information and facts out there at the applicable time. The forward-on the lookout statements contained in this information release are designed as of the day hereof and the get-togethers do not undertake any obligation to update or revise any forward-seeking statements or information, no matter if as a outcome of new information, potential occasions or usually, except so needed by applicable securities regulations.

Neither the TSXV nor its Regulation Providers Company (as that time period is described in the policies of the TSXV) accepts obligation for the adequacy or precision of this news launch.


        
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