Rock Tech Announces Additional Private Placement
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 Announces Additional Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC, Canada – January 6, 2021 – Rock Tech Lithium Inc. (the "Company" or
“Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that it will conduct a non-brokered
private placement (the “Offering”) with an institutional investor of up to 2,500,000 units (the
“Units”) of the Company at a price of $1.60 per Unit for gross proceeds of up to $4,000,000.
Each Unit will consist of one common share of the Company and one common share purchase
warrant. Each warrant will entitle the holder to purchase an additional common share of the
Company at a price of $2.00 per share for a period of 24 months from the date of closing.
Proceeds from the private placement 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.
This news release does not constitute an offer to sell securities and the Company is not soliciting
an offer to buy the securities described herein. These securities have not been registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws, and may not be offered or sold in the United States or to U.S. persons unless
registered under the U.S. Securities Act and applicable state securities laws or exempt from such
registration.
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.
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 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 term is defined in the policies of the TSX Ventur e
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 n ot
historical in nature are intended to be, and ar e hereby identified as, "forward ‐looking statements". Forward ‐looking statements
may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. T he
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 m aterially
from those indicated in the forward‐looking statements.