Acquisition of Shares by Martin Stephan
Vancouver, BC, Canada / TheNewswire / March 17, 2016 - Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK) announces that Martin Stephan (the "Purchaser"), a director and officer of the Company, has acquired, in a private transaction with an arm's length party, 500,000 common shares and 500,000 share purchase warrants of the Company.
Prior to giving effect to the recent acquisition, the Purchaser held 1,100,000 shares, representing 6.57% of the issued and outstanding shares of the Company. After giving effect to the acquisition, the Purchaser holds 1,600,000 shares, representing 9.55% of the issued and outstanding shares of the Company. Assuming exercise of the 500,000 warrants acquired, the Purchaser would hold 2,100,000 shares, representing 12.17% of the issued and outstanding shares of the Company.
The shares and warrants were acquired for investment purposes and the Purchaser may, from time to time, increase or decrease his ownership of the securities of the Company through the market or otherwise, as circumstances or market conditions warrant.
This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated March 17, 2016. The early warning report respecting the transaction has been filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Company's profile at www.sedar.com.
On behalf of the Board of Directors of the Company,
"BRAD BARNETT"
Brad Barnett
Chief Financial 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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