(TheNewswire)
Vancouver, BC, Canada - TheNewswire - December 29, 2020 - Rock Tech Lithium Inc. (the"Company") (TSXV:RCK) announces that Dirk Harbecke (the“Purchaser”), chairman of the board of directors of the Company,has acquired, in a private placement, 1,176,000 common shares and1,176,000 share purchase warrants of the Company.
Prior to giving effect to the recent acquisition, the Purchaser held5,245,434 shares, 835,834 Warrants and 695,000 Stock Optionsrepresenting 16.8% of the issued and outstanding shares of the Companyon a partially-diluted basis. After giving effect to theacquisition, the Purchaser holds 6,421,434 shares, 2,011,834 warrantsand 695,000 stock options representing 17.7% of the issued andoutstanding shares of the Company on a partially-diluted basis.
The shares and warrants were acquired for investment purposes. Whilethe Purchaser does not intend to acquire further securities of theCompany, the Purchaser may, from time to time, increase or decreasehis ownership of the securities of the Company through the market orotherwise, as circumstances or market conditions warrant.
This news release is being issued in accordance with NationalInstrument 62-103 – The EarlyWarning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report datedDecember 29, 2020. The early warning report respecting thetransaction has been filed on the System for Electronic DocumentAnalysis and Review (“SEDAR”) under the Company’s profile atwww.sedar.com.
On behalf of the Board of Directors of the Company,
"BRADBARNETT"__
Brad Barnett
Chief Financial Officer
For further information, pleasecontact:
Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Statements included in this announcement, includingstatements concerning our plans, intentions and expectations, whichare not historical in nature are intended to be, and are herebyidentified as, "forward ? looking statements". Forward ? looking statements may be identifiedby words including "anticipates", "believes","intends", "estimates", "expects" andsimilar expressions. The Company cautions readers thatforward ? lookingstatements, including without limitation those relating to theCompany's future operations and business prospects, are subject tocertain risks and uncertainties that could cause actual results todiffer materially from those indicated in the forward ? looking statements.
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