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Rock Tech Announces 2nd Tranche and Final Close of Non-Brokered Private Placement
Rock Tech Announces 2nd Tranche and Final Close of Non-Brokered Private Placement Canad...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\n Rock Tech Announces 2nd Tranche and Final Close of Non-Brokered Private Placement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 27, 2025\n \n\n /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the \"Company\" or \"Rock Tech\") is pleased to announce a second tranche closing of its previously announced non-brokered private placement (the \"Offering\") of units (the \"Units\"). For this second tranche, the Company issued an additional 1,364,000 Units at a price of\n \n $1.00\n \n per Unit for gross proceeds of\n \n $1,364,000\n \n . In aggregate, the Company has issued 4,000,000 Units at a price of\n \n $1.00\n \n per Unit for total gross proceeds of\n \n $4,000,000\n \n - inclusive of the first tranche closing and the second tranche closing.\n \n\n\n\n\n\n\n\n\n Each Unit consists of one common share in the capital of Rock Tech (the \"\n \n Common Shares\n \n \", with such Common Shares comprising the Units, the \"\n \n Unit Shares\n \n \") and one Common Share purchase warrant (each whole Common Share purchase warrant, a \"\n \n Warrant\n \n \", and together with the Units and the Unit Shares, the \"\n \n Securities\n \n \"). Each Warrant entitles the holder thereof to purchase one Common Share (a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $1.30\n \n per Warrant Share for a period of 36 months following the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such Warrant, including adjustment in certain circumstances.\n \n\n The Securities offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"\n \n U.S. Securities Act\n \n \"), or any state securities laws of any state of\n \n the United States\n \n and accordingly may not be offered or sold within\n \n the United States\n \n except in compliance with the registration requirements of the U.S. Securities Act and applicable state securiti...