Rock Tech Announces Results of its 2023 Annual General and Special Meeting of Shareholders
Rock Tech Announces Results of its 2023 Annual General and Special
Meeting of Shareholders
VANCOUVER, BC
,
June 29, 2023
/CNW/ -
Rock Tech Lithium Inc.
(TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)
(the "Company" or
"Rock Tech") is pleased to announce the results from its Annual General and Special Meeting of Shareholders (as holders of Common Shares) held
earlier today (the "Meeting").
Detailed information regarding each of the matters voted upon at the Meeting is provided in the management information circular of the Company dated
May 26, 2023
(the "Circular"), available on the Company's SEDAR profile at
www.sedar.com
.
A total of 13,285,859 Common Shares, representing approximately 13,73% of the issued and outstanding Common Shares, were represented at the
Meeting. All matters voted upon were duly authorized and approved by Shareholders, as follows:
I
tem of Business
V
otes for (in %)
V
otes against (in %)
V
otes withheld (in %)
1. A
ppointment of Grant Thornton as auditors of the Company
.
13,248,219 (99.72 %)
0
(0.0%)
37,640
(0.28%)
2. Continuation of Rock Tech from British Columbia to Ontario.
13,254,602 (99.76 %)
31,257
(0.24%)
0
(0.0%)
3. Set the number of directors at six.
13,274,164 (99.91 %)
11,695
(0.09%)
0
(0.0%)
4. Approval of the Stock Option Plan.
13,243,054 (99.68 %)
42,805
(0.32%)
0
(0.0%)
At the meeting, Shareholders also elected six nominee directors to the Board of Directors of the Company for the ensuing year, as follows:
Director Nominee
V
otes for (in %)
V
otes against (in %)
V
otes withheld (in %)
Dirk Harbecke
13,271,233
(99.89%)
0
(0.0%)
14,626
(0.11%)
Stefan Krause
13,267,065
(94.19%)
0
(0.0%)
771,864
(5.81%)
Dr. Peter Kausch
13,267,065
(99.86%)
0
(0.0%)
18,794
(0.14%)
Klaus Schmitz
12,488,307
(94.0%)
0
(0.0%)
797,552
(6.0%)
Esther Bahne
12,505,545
(94.13%)
0
(0.0%)
780,314
(5.87%)
Michelle Gahagan
12,482,377
(93.95%)
0
(0.0%)
803,482
(6.05%)
All of the director nominees previously served on the Board of Directors of Rock Tech. As a result of German regulatory restrictions on the number of
board positions that can be held concurrently, the Board of Directors accepted the resignation of Ms. Jutta Dönges effective on
February 28, 2023
, who
was then appointed member of the Management Board and Chief Financial Officer of Uniper. No one has been nominated or elected to fill the position
since then.
Furthermore, the Company, prior to the Meeting, has granted stock options (the "Options) to certain directors, officers and employees of the Company to
acquire an aggregate of 1,640,000 common shares in the capital of the Company in accordance with the Stock Option Plan. These Options are subject to
the terms of the respective grant agreements as well as the rules and regulations of the TSX Venture Exchange ("TSX:V"). 650,000 of the options were
issued to Directors and Officers of the Company at an exercise price of
$2.00
. The Options will vest over the next two years and become fully vested by
June 22, 2025
. The Options are exercisable for a six-year term, expiring
June 21, 2029
.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman & CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in
Canada
and
Germany
on a mission to produce lithium hydroxide for electric vehicle batteries. The
Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning
with the Company's proposed lithium hydroxide merchant converter and refinery facility in Guben,
Germany
. To close the most pressing gap in the clean
mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict environmental, social and governance
standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw
material from its wholly-owned Georgia Lake spodumene project located in the Thunder Bay Mining District of
Ontario, Canada
, as well as procuring it
from other responsibly producing mines. In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech's
goal: to create a closed-loop lithium production system.
www.rocktechlithium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
C
AUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as
"forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the
Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts",
"believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar
expressions are intended to identify forward-looking statements. In particular, forward-looking statements contained in this news release include
expectations as described in the section "About Rock Tech".
Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may
cause the actual results to differ materially from the forward-looking statements. The material factors or assumptions used to develop the forward-looking
statements include: the Exploration Expenditures, the existence of certain spodumene pegmatites, the possible type of mining and concentration of lithium;
the distance required for transportation of concentrate; the Company's ability to procure equipment necessary for its business; that all required regulatory
approvals and permits can be obtained on the necessary terms in a timely manner; and that financing will be available to the Company on commercial
terms. There may also be other factors that cause actual results to differ materially from the forward-looking statements, including the risks, uncertainties
and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable
securities regulators.
No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the
reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update
or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the
extent required by applicable law.
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SOURCE
Rock Tech Lithium Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2023/29/c3357.html
%SEDAR: 00005870E
For further information:
André Mandel, phone: +49 (0) 2102 89 41 116; or email: [email protected], Rock Tech Lithium Inc.; 777 Hornby
Street, Suite 600, Vancouver, B.C., V6Z 1S4
CO: Rock Tech Lithium Inc.
CNW 21:04e 29-JUN-23