Rock Tech Lithium Inc. (CVE:RCK) reports the closing of the First Tranche of brokered private placement.
The press release is quoted as saying:
Each flow-through unit consists of one flow-through common share of the Company and one half of one share purchase warrant. Each non-flow-through unit consists of one non-flow-through common share of the Company and one half of one share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of the Company at a price of $0.60 per share for a period of 24 months, expiring at 4:30pm (Pacific Daylight Time, GMT-8) on May 19, 2013.