Rock Tech Shareholders Approve All Matters at 2022 Annual General and Special Meeting of Shareholders
Rock Tech Shareholders Approve All
Matters at 2022 Annual General and
Special Meeting of Shareholders
VANCOUVER, BC, June 30, 2022 /CNW/ - Rock Tech Lithium Inc (the
"Company" or "Rock Tech") is pleased to announce that holders
("Shareholders") of common shares of Rock Tech ("Common
Shares") approved all matters voted upon at the Company's annual
general and special meeting of Shareholders 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 27, 2022 (the "Circular"), copies
of which are available on the Company's SEDAR profile at
www.sedar.com.
A total of 13,022,978 Common Shares, representing approximately
18% of the issued and outstanding Common Shares, were
represented in person or by proxy at the Meeting. All matters voted
upon at the Meeting were duly authorized and approved by
Shareholders, as follows:
Item of Business Votes For
(%)
Votes Against /
Withheld
(%)
Appointment of Dale Matheson Carr-Hilton LaBonte LLP as Auditors of the Company 13,020,976
(99.98%)
2,000
(0.02%)
Setting the number of Directors of the Company at Seven 13,020,684
(99.98%)
2,292
(0.02%)
Election of Directors of the Company See below See below
Re-approval of the Stock Option Plan of the Company 12,999,709
(99.82%)
23,267
(0.18%)
Details regarding the voting results in respect of the election of
directors of the Company are set forth below.
Election of Directors
The election of each of the following director nominees proposed by
management was duly authorized and approved by Shareholders, as
follows:
Director Nominee Votes For
(%)
Votes Withheld
(%)
Dirk Harbecke 12,485,812
(95.88%)
537,164
(4.12%)
Stefan Krause 12,486,812
(95.88%)
536,164
(4.12%)
Peter Kausch 13,019,777
(99.98%)
3,199
(0.02%)
Klaus Schmitz 12,486,832
(95.88%)
536,144
(4.12%)
Esther Bahne 12,505,782
(96.03%)
517,194
(3.97%)
Jutta A. Dönges 13,020,782
(99.98%)
2,194
(0.02%)
Michelle Gahagan 13,020,802
(99.98%)
2,174
(0.02%)
Five of the director nominees previously served on the board of
directors of Rock Tech, while Ms. Dönges and Ms. Gahagan were
nominated for the first time. Ms. Dönges is a member of the executive
board of the Federal Republic of Germany Finance Agency and a non-
executive member of the supervisory board of Commerzbank AG, a
significant entity supervised by the European Central Bank and the
national competent authority. In order to act as a director of Rock
Tech, Ms. Dönges requires the approval of these supervisory
authorities (the "Regulatory Approval"). As at the date hereof, Ms.
Dönges has applied for but not yet received the Regulatory Approval.
Ms. Dönges has agreed to deliver her formal consent to act as a
director of the Company in accordance with the Business
Corporations Act (British Columbia) subject to and following her
receipt of the Regulatory Approval. Accordingly, while Ms. Dönges'
election as a director of the Company has been authorized by
Shareholders, she is not currently a director of the Company and, until
the Regulatory Approval is granted and the Company has received
Ms. Dönges' consent, she will not act as a director of the Company.
Following Ms. Dönges' becoming a director of the Company, she will
hold office until Rock Tech's next annual meeting of Shareholders or
until her successor is duly elected or appointed. The election of each
of the other director nominees was effective as of the close of the
Meeting, and such persons will hold office until Rock Tech's next
annual meeting of Shareholders or until their successor is duly elected
or appointed.
About Rock Tech Lithium Inc.
Rock Tech Lithium Inc. is a cleantech company with operations in
Canada and Germany that aims to supply the automotive industry with
high-quality, "made in Germany" lithium hydroxide. As early as 2024,
Rock Tech intends to commission Europe's first lithium converter with
a production capacity of 24,000 tonnes per year. This is equivalent to
the volume needed to equip around 500,000 electric cars with lithium-
ion batteries.
Rock Tech owns the Georgia Lake Project in Ontario, Canada. The
Company has set itself the goal of creating a closed-loop for lithium,
thus closing the raw material gap on the road to clean mobility. As
early as 2030, around 50 percent of the raw materials used by Rock
Tech are expected to come from the recycling of batteries.
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.
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 contains "forward-
looking information" and "forward-looking statements" (collectively,
"forward-looking information") within the meaning of applicable
securities laws, which are based on Rock Tech's current expectations,
estimates, and assumptions in light of its experience and its
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: Ms. Dönges receipt of necessary regulatory approvals to
act as a director of the Company and delivery of her consent to act,
including the occurrence and timing thereof; the Company's proposed
lithium converter, including the timing and features thereof; the
Company's expectation that it will source around 50 percent of its raw
materials from recycled batteries by 2030; Rock Tech's opinions,
beliefs and expectations regarding the Company's business strategy,
development and exploration opportunities and projects; and plans
and objectives of management for the Company's operations and
properties.
Forward-looking information contained in this press release is based
on certain assumptions, estimates, expectations, analysis 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. Such assumptions, estimates and other factors
include, among other things: expected growth, performance and
business operations, future commodity prices and exchange rates,
prospects, growth opportunities and financing available to the
Company, general business and economic conditions, results of
development and exploration, Rock Tech's ability to procure supplies
and other equipment necessary for its business. The foregoing list is
not exhaustive of all assumptions which may have been used in
developing the forward-looking information. While Rock Tech
considers these assumptions, estimates and factors 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 Rock Tech's 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 Company's ability to access funding required to invest in available
opportunities and projects and on satisfactory terms, the current and
potential adverse impacts of the COVID-19 pandemic and recent
geopolitical hostilities; the risk that Rock Tech will not be able to meet
its financial obligations as they fall due, changes in commodity and
other prices, Rock Tech's ability to attract and retain skilled staff and
to secure feedstock from third party suppliers, unanticipated events
and other difficulties related to construction, development and
operation of the Company's proposed lithium converter(s) and other
projects, the cost of compliance with current and future environmental
and other laws and regulations, title defects, competition from existing
and new competitors, changes in currency, exchange rates and
market prices of Rock Tech's securities, Rock Tech's history of losses,
impacts of climate change and other 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 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.
The Company cannot assure readers 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.
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For further information: please contact: Wolfgang Böhm, Press and
Public Relations, Rock Tech Lithium Inc., 777 Hornby Street, Suite
600, Vancouver, B.C., V6Z 1S4, Telephone: +49 30 44 33 61 - 33,
Facsimile: (604) 670-0033, Email: [email protected].
CO: Rock Tech Lithium Inc.
CNW 16:30e 30-JUN-22