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Rock Tech Lithium Closes Third and Final Tranche Non-Brokered Private Placement for Aggregate Gross Proceeds of $6.51 Million
Rock Tech Lithium Closes Third and Final Tranche Non-Brokered Private Placement for Aggregate Gro...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\n Rock Tech Lithium Closes Third and Final Tranche Non-Brokered Private Placement for Aggregate Gross Proceeds of $6.51 Million\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 12, 2025\n \n\n /CNW/ -\n \n Rock Tech Lithium Inc.\n \n (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the \"\n \n Company\n \n \" or \"\n \n Rock Tech\n \n \") is pleased to announce, further to its news releases dated\n \n August 29\n \n ,\n \n September 4\n \n , and\n \n September 5, 2025\n \n , the closing of the third and final tranche of its previously announced non-brokered private placement offering (the \"\n \n Offering\n \n \") pursuant to which the Company sold 1,138,400 units (\"\n \n Units\n \n \") at a price of\n \n $0.90\n \n per Unit for aggregate gross proceeds of\n \n $1,024,560\n \n . In aggregate, the Company has issued an aggregate of 7,231,621 Units for total gross proceeds of\n \n $6,508,459\n \n under the first, second, and third tranches of the brokered and non-brokered portions of the Offering.\n \n\n\n\n\n\n\n\n\n Each Unit consists of one common share of the Company and one common share purchase warrant of the Company, exercisable at price of\n \n $1.17\n \n to purchase one additional common share of the company for a period of three years from the date of issuance thereof.\n \n\n The Company intends to use the net proceeds raised from the Offering to fund the advancement of the Guben Converter and for general corporate and working capital purposes.\n \n\n The third tranche of the Offering was completed pursuant to Section 2.3 of Ontario Securities Commission Rule 72-503 –\n \n Distributions Outside of\n \n Canada\n \n\n and pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (the \"\n \n Listed Issuer Financing Exemption\n \n \"), accordin...