Rock Tech Lithium Inc.
789 West Pender St., Suite 1205 | Vancouver | British Columbia | Canada | V6C 1H2 P. +1.604.688.1140 | F. +1.604.688.1173 www.rocktechlithium.com | [email protected] TSX-Venture: RCK | Frankfurt: RJIA
Rock Tech Announces Closing of Private Placement
Vancouver, BC, Canada – May 22, 2014 – Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK), further to its news release on April 24, 2014, is pleased to announce the closing of its nonbrokered private placement consisting of 750,000 Units of the Company for gross proceeds of $150,000 (the “Offering” ). Each Unit, priced at $0.20 , consists of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.20 per share on or before December 31, 2017.
A finder’s fee equal to 5% of the aggregate gross proceeds, payable in Common Shares of the Company, will be paid to BTI International (the “Agent”).
All securities issued in connection with the Offering are subject to a four month and a day hold period expiring on September 23, 2014.
The proceeds of the private placement will be used to assist the Company in completing the reverse takeover (the “RTO”) of Bra inworks Capital Management (Private) Limited, as previously announced on July 21 and November 28, 2013.
Trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Company’s RTO pursuant to TSX-V Listings Policy 5.2.
On behalf of the Board of Directors of the Company, "Afzaal Pirzada" Afzaal Pirzada, P. Geo.
Director, Chief Executive Officer For further information please contact: Brad Barnett, M.Sc.
Vice President of Corporate Finance and Development
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205 Vancouver, B.C., V6C 1H2 Telephone: (604) 376-5874 Email: [email protected] Neither TSX Venture Exch ange 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.
Rock Tech Lithium Inc.
789 West Pender St., Suite 1205 | Vancouver | British Columbia | Canada | V6C 1H2 P. +1.604.688.1140 | F. +1.604.688.1173 www.rocktechlithium.com | [email protected] TSX-Venture: RCK | Frankfurt: RJIA 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, a re subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.