Rock Tech Lithium Announces Listing of Previously Issued Warrants And Correction From Source - Options Granted /
Rock Tech Lithium Announces Listing of
Previously Issued Warrants And Correction
From Source - Options Granted
/
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE
UNITED STATES
/
VANCOUVER, BC
,
Dec. 20, 2022
/CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF)
(FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that the TSX
Venture Exchange (the "TSX-V") has approved the listing of the 1,341,071 common share purchase
warrants of Rock Tech (each, a "Warrant") previously issued pursuant to the non-brokered private
placement component of the unit offering (the "Unit Offering") completed by the Company on
August
19, 2022
. In connection with the private placement component of the Unit Offering, the Company
issued an aggregate of 2,682,143 units of Rock Tech, with each unit comprised of one common
share in the capital of the Company ("Common Shares") and one-half Warrant (each whole Warrant
issued pursuant to the private placement component of the Unit Offering, the "Private Placement
Warrants").The Private Placement Warrants were subject to four month hold periods in accordance
with applicable Canadian securities laws and the policies of the TSX-V, which expired on
December
20, 2022
. The Private Placement Warrants will be listed on the TSX-V under the symbol "RCK.WT",
the same symbol as the Warrants issued pursuant to the underwritten component of the Unit
Offering, and will commence trading at the opening of the market on or about
Wednesday,
December 21, 2022
. Each Private Placement Warrant entitles the holder thereof to purchase one
Common Share at a price of
$4.50
until
August 19, 2025
, subject to acceleration in certain
circumstances.
Please see the Company's press releases dated
August 12, 2022
and
August 19, 2022
for
additional details regarding the Unit Offering.
The Company also wishes to correct an error contained in its press release issued on
December 19,
2022
regarding the vesting period of the 150,000 stock options granted to
Sonja Rossteuscher
,
Chief Financial Officer of the Company. The
December 19, 2022
press release incorrectly indicated
that the stock options granted to Mrs. Rossteuscher had a 36-months vesting period from the grant
date of
December 15, 2022
, while in fact the vesting period of such stock options is 24-months
following the grant date.
ABOUT ROCK TECH LITHIUM INC.
Rock Tech is a cleantech company on a mission to produce lithium hydroxide for EV 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. 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 ESG standards and is developing a proprietary refining process aimed at further
increasing efficiency and sustainability. Rock Tech plans to source raw material from its own mineral
project in
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.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release
.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
The following cautionary statements are in addition to all other cautionary statements and
disclaimers contained elsewhere in, or referenced by, this press release.
Certain information set forth in this press release constitutes "forward-looking information"
(collectively, "forward-looking information") within the meaning of applicable Canadian securities
laws, which information is based on Rock Tech's current expectations, estimates, and assumptions
in light of its experience and perception of historical trends. All statements other than statements of
historical facts may constitute forward-looking information. Often, forward-looking information can be
identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect",
"intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other
indications of future tense. All forward-looking information set forth in this press release is expressly
qualified in its entirety by the cautionary statements referred to in this section.
In particular, this press release contains forward-looking information pertaining to the listing of the
Private Placement Warrants on the TSX-V and the expected timing thereof.
Forward-looking information is based on certain assumptions, estimates, expectations and opinions
of the Company and in certain cases, third party experts, that are believed by management of Rock
Tech to be reasonable at the time they were made. This forward-looking information was derived
utilizing assumptions regarding, among other things, the satisfaction of the conditions to listing of the
Private Placement Warrants in a timely manner. The foregoing is not exhaustive of all assumptions
which may have been used in developing the forward-looking information. While Rock Tech
considers such assumptions to be reasonable based on information currently available, they may
prove to be incorrect. Forward-looking information should not be read as a guarantee of future
performance or results. In addition, forward-looking information involves known and unknown risks
and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause
actual events, results, performance and/or achievements to be materially different from that which is
expressed or implied by such forward-looking information. Risks and uncertainties that may cause
actual events, results, performance and/or achievements to vary materially include the risks and
uncertainties described from time to time in Rock Tech's public disclosure documents available on
the Company's SEDAR profile at
www.sedar.com
, including those discussed under the heading
"Risk Factors" in the prospectus supplement dated
August 12, 2022
to the Company's existing
Canadian base shelf prospectus dated
July 13, 2022
, Rock Tech's most recently filed Management
Discussion and Analysis and Annual Information Form, respectively. Such risks and uncertainties do
not represent an exhaustive list of all risk factors that could cause actual events, results,
performance and/or achievements to vary materially from the forward-looking information. We
cannot assure you that actual events, results, performance and/or achievements will be consistent
with the forward-looking information and management's assumptions may prove to be incorrect.
Forward-looking information reflects Rock Tech management's views as at the date the information
is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly
disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking
information, whether as a result of new information, future events or otherwise, to reflect any change
in Rock Tech's expectations or any change in events, conditions or circumstances on which any such
information is based. Given these uncertainties, readers are cautioned not to rely on the forward-
looking information set forth in this press release.
SOURCE
Rock Tech Lithium Inc.
View original content:
http://www.newswire.ca/en/releases/archive/December2022/20/c3747.html
%SEDAR: 00005870E
For further information:
André Mandel, phone: +49 (0) 151 2825 4014; or email:
[email protected]; Rock Tech Lithium Inc.; 777 Hornby Street, Suite 600, Vancouver,
B.C., V6Z 1S4
CO: Rock Tech Lithium Inc.
CNW 13:32e 20-DEC-22