Acquisition of Shares by Apeiron Investment Group
Vancouver, BC, Canada / TheNewswire / August 25, 2016 - Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK) announces that Apeiron Investment Group (the "Purchaser"), a shareholder of the Company, has acquired, in a private transaction with an arm's length party, 945,830 common shares and 945,830 share purchase warrants of the Company, each warrant exercisable into one common share of the Company at an exercise price of $0.20 per share until December 31, 2017.
Prior to the acquisition, the Purchaser owned and had control over 1,000,000 common shares of the Company and 500,000 warrants, each warrant exercisable into one common share of the Company at an exercise price of $0.50 per share until July 5, 2018, subject to accelerated expiry in certain circumstances. After giving effect to the acquisition, the Purchaser holds 1,945,830 common shares, representing 8.21% of the issued and outstanding common shares of the Company. Assuming exercise of the 1,445,830 warrants held, the Purchaser would hold 3,391,660 common shares, representing 13.48% of the issued and outstanding common shares of the Company on a partially-diluted basis.
The common 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 August 25, 2016. The early warning report respecting the transaction will be 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,
"Martin Stephan"
Martin Stephan
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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