Business
Rock Tech Announces Private Placement
(TheNewswire) Vancouver, BC, Canada - TheNewswire - Janua...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"Rock Tech Announces 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 4, 2021 -\n \n \n Rock Tech Lithium Inc.\n \n (the\n\"Company\" or “Rock Tech”) (TSXV:RCK\n \n )\n(\n \n Frankfurt:RJIB) announces that it will conduct a non-brokered\nprivate placement (the “Offering”) with a global\n \n macro investor\n \n of up to 2,580,645 units (the\n“Units”) of the Company at a price of $1.55 per Unit for gross\nproceeds 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 $1.80\nper share for a period of 24 months from the date of closing, subject\nto accelerated expiry in certain circumstances.\n \n \n Proceeds from the private placement will be used to fund a\nPre-Feasibility Study (“PFS”) on a lithium hydroxide converter,\ncontinuing investigations of the Company’s innovative lithium\nhydroxide processing circuit, further development and permitting work\nat the Company’s Georgia Lake lithium project and general working\ncapital.\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) 670-0033\n \n Email: [email protected]\n \n \n \n Neither TSX Venture Exchange nor its Regulation\nServices Provider (as that term is defined in the policies of the TSX\nVenture Exchange) accepts responsibility for the adequacy or accuracy\nof this release.\n \n \n \n \n Statements included in this announcement, including\nstatements concerning our plans, intentions and expectations, which\nare not historical in nature are intended to be, and are he...