Rock Tech Receives Warrant Exercise Proceeds of $1.7 million
Rock Tech Receives Warrant Exercise Proceeds of $1.7 million
VANCOUVER, Dec. 6, 2017 /CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-V:
RCK; Frankfurt: RJIB) announces that it has received proceeds of $1.7 million related to the exercise of
warrants. The warrants were exercisable at $0.20, $0.50 and $1.45. As of the date of this news release ,
the Company now has 33,037,119 common shares issued and outstanding.
Additionally, the Company's chairman, Mr. Dirk Harbecke, has increased his shareholdings via the
exercise of 1,200,000 warrants. The warrants, in parts acquired via a private transaction, had an exer cise
price of $0.20 and were set to expire on December 31, 2017. After consideration of these transactions,
Mr. Harbecke now holds 10.2% of the Company on a no n-diluted basis.
The issuance of common shares in respect of the exercise of warrants has resulted in BTI International's
shareholdings falling below the 10% Early Warning Report threshold.
About Rock Tech Lithium:
Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of
lithium and other selected battery metals.
Rock Tech is the only exploration company in the Georgia Lake region with an NI 43-101 resource
estimate. The resource estimate shows an indicated resource estimate of 3.19 million tonnes grading
1.10% lithium oxide in addition to an inferred resource estimate of 6.31 million tonnes grading 1.00%
lithium oxide. Further, the Company has completed metallurgical testing on a bulk sample demonstrating
the ability to produce both a high-grade spodumene concentrate and battery-grade lithium carbonate
("Li2CO3"). The spodumene-bearing pegmatites of the Georgia Lake area were originally discovered in
1955.
On behalf of the Board of Directors of the Company,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Ser vices 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, "fo rward ‐
looking statements". Forward ‐looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers t hat
forward ‐looking statements, including without limitation those relating to the Company's future operations
and business prospects, are subject to certain risk s and uncertainties that could cause actual results to
differ materially from those indicated in the forward ‐looking statements.
SOURCE Rock Tech Lithium Inc.
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For further information: Brad Barnett, Chief Financial Officer, Rock Tech L ithium Inc., 777 Hornby
Street, Suite 600, Vancouver, B.C., V6Z 1S4, Telephone: (778) 358-5200, Facsimile: (604) 670-0033,
Email: [email protected]
CO: Rock Tech Lithium Inc.
CNW 08:00e 06-DEC-17