The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Rock Tech Lithium Inc. Enters into Loan Agreement with BTI International
Feb. 25, 2013 03:14PM PST
Battery Metals
Rock Tech Lithium Inc. (TSXV:RCK) entered into a loan agreement with BTI International, a private partnership that specializes in providing venture finance to micro-cap and small-cap companies. BTI International is to provide CDN $600,000 in debt financing.
As quoted in the press release:
The Loan will bear interest at a rate of 10% per annum. The principal amount of the Loan, along with accrued interest thereon, will mature and be due and payable on February 25, 2014. The principal amount of the Loan and interest accrued thereon may be converted at the Lender’s option to acquire shares of the Company at a price of $0.10 per share.
Rock Tech Lithium Inc. Vice President of Exploration and interim CEO, Afzaal Pirzada said:
The conversion price negotiated is a strong signal regarding our opinion of the current market valuation of the Company.
Click here to read the Rock Tech Lithium Inc. (TSXV:RCK) press release
Click here to see the Rock Tech Lithium Inc. (TSXV:RCK) profile.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â