Rock Tech Lithium Inc.
600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4 P. +1.778.358.5200 | F. +1.604.670.0033 www.rocktechlithium.com | [email protected] TSXV: RCK | Frankfurt: RJIB
Rock Tech Increases Private Placement
Vancouver, BC, Canada – November 30 2020 – Rock Tech Lithium Inc. (the "Company" or “Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that, further to the press release on November 10, it has increased its non-brokered private placement (the “Offering”) up to 10,000,000 units (the “Units”) of the Company at a price of $0.85 per Unit for gross proceeds of up to $8,500,000.
"We have received very positive feedback and high demand for our private placement from renowned institutional investors, confirming that we are very much on the right track,” said Dirk Harbecke, Chairman of Rock Tech. “The increased Offering will help us accelerate our project development.”
Proceeds from the private placement will be used to fund a Pre-Feasibility Study (“PFS”) 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 other terms of the Offering remain as announced on November 10, 2020. The closing of the Offering is subject to regulatory approval including that of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month hold period.
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: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that te rm is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Rock Tech Lithium Inc.
600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4 P. +1.778.358.5200 | F. +1.604.670.0033 www.rocktechlithium.com | [email protected] TSXV: RCK | Frankfurt: RJIB Statements included in this announcement, including statements c oncerning our plans, intentions and expectations, which are not historical in natur e are i ntended to be, and are hereby identified as, "forward‐looking statements". Forward ‐looking statements may be identi fied by words including "anticipates", "believes", "in tends", "estimates", "expects" and similar expressions. The Company cautions r eaders that forward‐looking statements, including without li mitation those relating to the Company's future operations and business prospects, are subject to certain risks and u ncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.