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Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) signed a letter of intent (LOI) with Brainworks Capital Management (Private) Limited, to purchase all of the issued and outstanding shares of Brainworks. Brainworks is Zimbabwe’s pre-eminent private equity investment and advisory company primarily focused on investing in the financial services, mining, tourism, real estate and energy sectors in the Republic of Zimbabwe.
As quoted in the press release:
The Transaction is intended to take the form of a corporate combination whereby, subject to regulatory and shareholder approval, Rock Tech will acquire all of the issued and outstanding shares of Brainworks in exchange for common shares in the capital of Rock Tech. The Transaction will constitute a reverse takeover (“RTO”) pursuant to the policies of the TSX Venture Exchange (the “Exchange”).
Click here to read the Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) press release
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