Rock Tech Announces 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 Private Placement
Vancouver, BC, Canada – November 10, 2020 – 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”) of up to 5,882,353 units (the “Units”) of the Company at a
price of $0.85 per Unit for gross proceeds of up to $5,000,000.
"Increasing investor interest is further confirmation of our low-operating cost, vertically-
integrated lithium hydroxide converter as presented in our recently completed Preliminary
Economic Assessment,” said Simon Bodensteiner, Chief Executive Officer of Rock Tech. “This
Offering ensures that the Company is well positioned and can accelerate progress towards key
milestones on both upstream and downstream strategic fronts in 2021.”
Proceeds from the private placement will be used to fund a Pre-Feasibility Study (“PFS”) on a
lithium hydroxide converter, continuing investigations of novel lithium processing circuits,
further development and permitting work at the Company’s Georgia Lake lithium project and
general working capital.
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 $1.00 per share for a period of 24 months from the date of closing, subject
to accelerated expiry in certain circumstances.
A portion of the Offering may be completed pursuant to the British Columbia Securities
Commission’s BC Instrument 45-534 – Exemption from Prospectus Requirement for Certain
Trades to Existing Security Holders (the “Existing Security Holder Exemption”). Under the
Existing Security Holder Exemption, existing shareholders resident in British Columbia may
purchase up to $15,000 in Units from the Company without qualifying as an Accredited Investor
(as that term is defined in National Instrument 45-106 – Prospectus Exemptions) or other
prospectus exemption subject to the requirements of the instrument.
Similar exemptions exist in certain other jurisdictions. The Company has set November 6, 2020
as the record date for the purpose of determining shareholders entitled to participate in the
Offering in reliance on the Existing Shareholder Exemption. Existing shareholders who wish to
participate in the Offering should contact Brad Barnett, Chief Financial Officer of the Company,
at the contact information set forth below.
In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the
Offering will also be conducted pursuant to other available prospectus exemptions.
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
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 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 identi fied by words including "anticipates", "believes", "in tends", "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.