rock tech lithium stock

Rock Tech Closes Private Placement

 

(TheNewswire)

   

Vancouver, BC, Canada - TheNewswire January 8, 2021 Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK ) ( Frankfurt:RJIB) is pleased to announce the closing of its non-brokered private placement (the "Offering") of 2,580,645 units (the "Units") of the Company at a price of $1.55 per Unit for gross proceeds of $3,999,999.75 as announced on January 4, 2021.

 

Proceeds from the private placement, which was fully subscribed for by one placee, will be used to fund Feasibility Studies on a lithium hydroxide converter, continuing investigations of the Company's innovative lithium hydroxide processing circuit, further development and permitting work at the Company's Georgia Lake lithium project and general working capital.

 

All securities issued in connection with the Offering are subject to a four-month hold period expiring on May 9, 2021. Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the Company at a price of $1.80 per share until January 8, 2023.

 

On behalf of the Board of Directors,

 

  "Simon Bodensteiner"  
Simon Bodensteiner
Director, Chief Executive Officer

 

  For further information, please contact:  

 

Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com

 

  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward    looking statements".  Forward    looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions.  The Company cautions readers that forward    looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward    looking statements.  

 

Copyright (c) 2021 TheNewswire - All rights reserved.

 

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To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

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Source:
Lithium Universe Ltd

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