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Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) announced that the Company’s Annual General and Special Meeting will be held in Vancouver on July 3, 2013.
As quoted in the press release:
The Company’s Board of Directors believes that it is in the interest of Shareholders of the Company for the Board of Directors to have the authority to implement a Share Consolidation. The Board believes that the current issued capital structure is too large for the growth strategy of the Company and is adversely impacting the marketability of its Common Shares and the ability of the Company to complete financings. The Board believes that a Share Consolidation will increase the Company’s flexibility and competitiveness in the market place and make the Company’s securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for the Common Shares.
The Board proposes to reduce the number of Common Shares on the basis of one (1) post-consolidation Share for every ten (10) pre-consolidated Common Shares, or such lesser consolidation ratio (but not less than five (5) pre-consolidated shares) as may be approved by the Board of Directors and accepted by the Exchange (the “Consolidation Ratio”).
Click here to read the Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) press release
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