Rock Tech Lithium Announces Proposed Public Offering of Units

Provided By Globe Newswire

Last update: Aug 8, 2022

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VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it intends to undertake an underwritten marketed offering (the "Offering") of units of Rock Tech ("Units") for gross proceeds of approximately US$50 million, subject to market conditions and other factors. Each Unit will be comprised of one common share in the capital of Rock Tech (a "Common Share") and one half Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 18 months from the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the warrant indenture to be entered into between the Company and Computershare Trust Company of Canada.