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VANCOUVER, BC, Dec. 20,
2022 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK)
(OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock
Tech") is pleased to announce that the TSX Venture Exchange (the
"TSX-V") has approved the listing of the 1,341,071 common share
purchase warrants of Rock Tech (each, a "Warrant") previously
issued pursuant to the non-brokered private placement component of
the unit offering (the "Unit Offering") completed by the Company on
August 19, 2022. In connection with
the private placement component of the Unit Offering, the Company
issued an aggregate of 2,682,143 units of Rock Tech, with each unit
comprised of one common share in the capital of the Company
("Common Shares") and one-half Warrant (each whole Warrant issued
pursuant to the private placement component of the Unit Offering,
the "Private Placement Warrants").The Private Placement Warrants
were subject to four month hold periods in accordance with
applicable Canadian securities laws and the policies of the TSX-V,
which expired on December 20, 2022.
The Private Placement Warrants will be listed on the TSX-V under
the symbol "RCK.WT", the same symbol as the Warrants issued
pursuant to the underwritten component of the Unit Offering, and
will commence trading at the opening of the market on or about
Wednesday, December 21, 2022. Each
Private Placement Warrant entitles the holder thereof to purchase
one Common Share at a price of $4.50
until August 19, 2025, subject to
acceleration in certain circumstances.
Please see the Company's press releases dated August 12, 2022 and August
19, 2022 for additional details regarding the Unit
Offering.
The Company also wishes to correct an error contained in its
press release issued on December 19,
2022 regarding the vesting period of the 150,000 stock
options granted to Sonja
Rossteuscher, Chief Financial Officer of the Company. The
December 19, 2022 press release
incorrectly indicated that the stock options granted to Mrs.
Rossteuscher had a 36-months vesting period from the grant date of
December 15, 2022, while in fact the
vesting period of such stock options is 24-months following the
grant date.
ABOUT ROCK TECH LITHIUM INC.
Rock Tech is a cleantech company on a mission to produce lithium
hydroxide for EV batteries. The Company plans to build lithium
converters at the door-step of its customers, to guarantee
supply-chain transparency and just-in-time delivery. To close the
most pressing gap in the clean mobility story, Rock Tech has
gathered one of the strongest teams in the industry. The Company
has adopted strict ESG standards and is developing a proprietary
refining process aimed at further increasing efficiency and
sustainability. Rock Tech plans to source raw material from its own
mineral project in Canada as well
as procuring it from other responsibly producing mines. In the
years to come, the Company expects to also source raw material from
discarded batteries. Rock Tech's goal: to create a closed-loop
lithium production system.
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in policies of the TSX-V) 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 constitutes
"forward-looking information" (collectively, "forward-looking
information") within the meaning of applicable Canadian securities
laws, which information is based on Rock Tech's current
expectations, estimates, and assumptions in light of its experience
and 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 the listing of the Private Placement
Warrants on the TSX-V and the expected timing thereof.
Forward-looking information is based on certain assumptions,
estimates, expectations 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. This
forward-looking information was derived utilizing assumptions
regarding, among other things, the satisfaction of the conditions
to listing of the Private Placement Warrants in a timely manner.
The foregoing is not exhaustive of all assumptions which may have
been used in developing the forward-looking information. While Rock
Tech considers such assumptions 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 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 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 the
prospectus supplement dated August 12,
2022 to the Company's existing Canadian base shelf
prospectus dated July 13, 2022, 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. We cannot
assure you 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.
SOURCE Rock Tech Lithium Inc.