ROCK TECH LITHIUM INC. ("RCK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 22, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Oct 27, 2016:
Number of Shares: 3,011,112 shares
Purchase Price: $0.90 per share
Warrants: 1,505,556 share purchase warrants to purchase 1,505,556 shares
Warrant Initial Exercise Price: $1.45
Warrant Term to Expiry: 2 Years. If, at any time after the date that is four months after the Closing, the Issuer's common shares trade on the Exchange at a price equal to $2.00 or greater for 20 consecutive trading days, the Issuer will have the right to accelerate the expiry of the Warrants by giving notice, via a news release issued within five (5) business days of the last day of such 20 consecutive trading day calculation period, of its exercise of such right and thereafter the Warrants will, without further notice or act by Issuer, automatically expire and be of no further force and effect at 4:00 p.m. (Vancouver time) on the date that is 21 days after the issuance of said news release.
Number of Placees: 9 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Plouton Capital Group Inc. Y 11,112
(Brad Barnett)
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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