Rock Tech Announces Shares for Debt Agreement
Vancouver, BC, Canada – August 7, 2014 – Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK; Frankfurt: RJIA) announces that it has entered into shares-for-debt agreements (the “Agreements”) with thirteen creditors (the “Creditors”).
Pursuant to the Agreements, the Company will issue to the Creditors an aggregate total of 5,206,370 common shares in the capital of the Company and 4,283,179 warrants. 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. The total amount of the indebtedness to be settled by the Agreements is $1,041,273.96.
The Agreements are subject to TSX Venture Exchange approval and all shares issued will be subject to a four-month hold period from the settlement date.
On behalf of the Board of Directors of the Company,
"Brad Barnett"
Brad Barnett Vice President, Corporate Finance & Development
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 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 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, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
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 008180000-00127713; 1