Rock Tech Appoints Jordan Capital Markets Inc. as Sponsor for Reverse Takeover
November 29 2013 - 3:24PM
Access Wire
Vancouver, British Columbia, Canada, November
29, 2013 - Rock Tech Lithium Inc. (TSX-V: RCK; Frankfurt: RJIA) (the "Company" or "Rock Tech") is
pleased to announce that it has appointed Jordan Capital Markets
Inc., subject to completion of satisfactory due diligence, to act
as Sponsor for the planned acquisition of all of the issued and
outstanding shares of Brainworks Capital Management (Private)
Limited ("Brainworks"), a company incorporated in Zimbabwe (the
"Transaction").
The Transaction is
intended to take the form of a corporate combination whereby,
subject to regulatory and shareholder approval, Rock Tech will
acquire all of the issued and outstanding shares of Brainworks in
exchange for common shares in the capital of Rock Tech. The
Transaction will constitute a reverse takeover ("RTO") pursuant to
the policies of the TSX Venture Exchange (the
"Exchange").
Jordan Capital
Markets Inc. ("Jordan") is an independent, Investment Dealer
established in Western Canada to service domestic and international
retail, institutional and corporate clients. Jordan became a member
of both the Investment Industry Regulatory Organization of Canada
("IIROC") and the Canadian Investor Protection Fund ("CIPF") in
October, 2008.
An agreement to
sponsor should not be construed as any assurance with respect to
the merits of the Transaction or the likelihood of
completion.
On behalf of the Board of
Directors,
"Afzaal
Pirzada"
Afzaal Pirzada, P.Geo.
Director, Vice President of Exploration
and interim CEO
For more information, please contact:
Brad Barnett
Vice President of Corporate Finance and Development
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
Email:
bbarnett@rocktechlithium.com
Disclaimer and Cautionary Statement Regarding Forward-Looking
Information
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy securities in any jurisdiction.
All
statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events
or results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions. Forward-looking statements are subject to
business and economic risks and uncertainties and other factors
that could cause actual results of operations to differ materially
from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. The Company does
not undertake any obligation to update forward-looking statements
even if circumstances or management's estimates or opinions should
change except as required by applicable laws. Investors should not
place undue reliance on forward-looking statements.
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