Business
Acquisition of Shares by Apeiron Investment Group
(via Thenewswire.ca) Vancouver, BC, Canada / TheNewswire / August 25, 2016 - Rock Te...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"Acquisition of Shares by Apeiron Investment Group(via Thenewswire.ca)\n \n \nVancouver, BC, Canada / TheNewswire / August 25, 2016 - Rock Tech Lithium Inc. (the \"Company\") (TSX-V: RCK) announces that Apeiron Investment Group (the \"Purchaser\"), a shareholder of the Company, has acquired, in a private transaction with an arm's length party, 945,830 common shares and 945,830 share purchase warrants of the Company, each warrant exercisable into one common share of the Company at an exercise price of $0.20 per share until December 31, 2017.\n\n \n \nPrior to the acquisition, the Purchaser owned and had control over 1,000,000 common shares of the Company and 500,000 warrants, each warrant exercisable into one common share of the Company at an exercise price of $0.50 per share until July 5, 2018, subject to accelerated expiry in certain circumstances. After giving effect to the acquisition, the Purchaser holds 1,945,830 common shares, representing 8.21% of the issued and outstanding common shares of the Company. Assuming exercise of the 1,445,830 warrants held, the Purchaser would hold 3,391,660 common shares, representing 13.48% of the issued and outstanding common shares of the Company on a partially-diluted basis.\n\n \n \nThe common shares and warrants were acquired for investment purposes and the Purchaser may, from time to time, increase or decrease his ownership of the securities of the Company through the market or otherwise, as circumstances or market conditions warrant.\n\n \n \nThis news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated August 25, 2016. The early warning report respecting the transaction will be filed on the System for Electronic Document Analysis and Review (\"SEDAR\") under the Company's profile at www.sedar.com.\n\n \n \nOn behalf of the Board of Directors of the Company,\n\n\n \n\"Martin Stephan\"\nMartin Stephan\nChief Executive Officer\n\n\n \nFor further information, please contact:\n\n\n \nBrad Barnett\nChief Financial Officer\nRock Tech Lithium Inc. \n1021 West Hastings Street, Suite 900\nVancouver, B.C., V6E 0C3\nTelephone: (604) 558-5123\nFacsimile: (604) 670-0033\nEmail: [email protected]\n\n\n \nNeither TSX Venture Exc...