Business
Rock Tech Announces Additional Private Placement
(TheNewswire) Vancouver, BC, Canada – TheNewswire - ...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"Rock Tech Announces Additional Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC, Canada –\n \n \n TheNewswire -\n \n \n January 6, 2021\n \n –\n \n Rock Tech Lithium Inc.\n \n (the\n\"Company\" or “Rock Tech”) (TSXV:RCK\n \n )\n \n ;\n \n (\n \n Frankfurt:RJIB) announces\nthat it will conduct a non-brokered private placement (the\n“Offering”) with an institutional investor of up to 2,500,000\nunits (the “Units”) of the Company at a price of $1.60 per Unit\nfor gross proceeds of up to $4,000,000.\n \n \n Each Unit will consist of one common share of the Company and one\ncommon share purchase warrant. Each warrant will entitle the holder to\npurchase an additional common share of the Company at a price of $2.00\nper share for a period of 24 months from the date of closing.\n \n \n Proceeds from the private placement will be used to fund Feasibility\nStudies on a lithium hydroxide converter, continuing investigations of\nthe Company’s innovative lithium hydroxide processing circuit,\nfurther development and permitting work at the Company’s Georgia\nLake lithium project and general working capital.\n \n \n This news release does not constitute an offer to sell securities and\nthe Company is not soliciting an offer to buy the securities described\nherein. These securities have not been registered under the United\nStates Securities Act of 1933, as amended (the \"U.S. Securities\nAct\"), or any state securities laws, and may not be offered or\nsold in the United States or to U.S. persons unless registered under\nthe U.S. Securities Act and applicable state securities laws or exempt\nfrom such registration.\n \n \n The closing of the Offering is subject to regulatory approval\nincluding that of the TSX Venture Exchange. All securities issued in\nconnection with the Offering will be subject to a four-month hold\nperiod.\n \n \n On behalf of the Board of Directors,\n \n \n \n \"Simon\nBodensteiner\"\n \n \n Simon Bodensteiner\n \n Director, Chief Executive Officer\n \n \n \n For further information, please\ncontact:\n \n \n \n Brad Barnett\n \n Chief Financial Officer\n \n Rock Tech Lithium Inc.\n \n 777 Hornby Street, Suite 600\n \n Vancouver, B.C., V6Z 1S4\n \n Telephone: (778) 358-5200\n \n Facsimile: (604) 6...