RCK.V · 2010-09-24

Rock Tech Lithium Announces Non‐brokered Private Placement ______________________________________________________________________________

Financings

NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES

September 24, 2010

NEWS RELEASE

______________________________________________________________________________

ROCK TECH LITHIUM ANNOUNCES NON‐BROKERED PRIVATE PLACEMENT

______________________________________________________________________________

Vancouver, British Columbia, Canada – September 24, 2010 – Rock Tech Lithium Inc. (the “Company”) (TSX‐Venture Exchange: RCK and Frankfurt Exchange: RJIA) is pleased to announce that, subject to regulatory approval, it will conduct a non‐brokered private placement of up to 30 million units at a price of $0.10 (Canadian) unit for gross proceeds of up to $3,000,000. Each unit will consist of one common share and one‐half of one share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share at a price of $0.25 (Canadian) per share for a period of twenty four (24) months from closing. All of the securities issued under the private placement will be subject to a hold period of four months and one day from the date of issuance.

Proceeds from the private placement will be used to finance exploration and development on the Company’s Georgia Lake lithium project in the Thunder Bay Mining District, and for general working capital requirements.

Finders' fees may be payable in connection with the private placement subject to regulatory approval.

On behalf of the Board of Directors,

“EUNHO LEE”

Eunho Lee CEO, President and Director

For More Information, please contact:

Eunho Lee (604) 688‐1140 [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”, “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.

← Back to feed