Rock Tech Announces Shares for Debt Agreement
Vancouver, BC, Canada / TheNewswire / February 18, 2016 - Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK) announces that it has entered into a shares-for-debt agreement (the "Agreement") with an arm's length creditor (the "Creditor").
Pursuant to the Agreement, the Company will issue to the Creditor an aggregate total of 3,131,459 common shares in the capital of the Company with a deemed price of $0.05 per share. The total amount of the indebtedness to be settled by the Agreement is $156,572.93.
The Agreement is subject to TSX Venture Exchange approval and all shares issued will be subject to a four-month hold period from the settlement date.
On behalf of the Board of Directors of the Company,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
For further information please contact:
Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
1021 West Hastings Street, Suite 900
Vancouver, B.C., V6E 0C3
Telephone: (604) 558-5123
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com
Neither 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 release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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