- Rock Tech Lithium (RCK) has closed a marketed offering of units for gross proceeds of approximately $40 million
- The company issued a total of 11,449,743 units at $3.50 per unit
- Rock Tech also completed a non-brokered private placement of 2,682,143 units for aggregate gross proceeds of C$9,387,500.50
- Proceeds will be used to finance its proposed high-grade lithium hydroxide converter and refinery facility in Germany and for the Georgia Lake project
- Rock Tech is a mining company working to produce lithium chemicals for EV batteries
- Rock Tech Lithium Inc. (RCK) is up 0.57 per cent on the day, trading at C$3.53 per share at 9:30 am ET
Rock Tech Lithium (RCK) has closed its marketed offering of units for gross proceeds of approximately $40 million.
Under the previously announced offering, the company issued a total of 11,449,743 units at $3.50 per unit. Each unit includes one common share and half of a common share purchase warrant. Each warrant allows a holder to acquire one common share for an 36-month period after the warrant has been issued.
Warrants are subject to an acceleration clause.
Rock Tech also completed a non-brokered private placement of 2,682,143 units for aggregate gross proceeds of C$9,387,500.50.
Rock Tech will use the net proceeds to finance the development of its proposed high-grade lithium hydroxide converter and refinery facility in Guben, Germany, to fund the continued exploration and development of the Georgia Lake lithium project in Ontario, and for general corporate purposes.
Rock Tech is a mining company working to produce lithium chemicals for electric vehicle batteries. The company aims to serve automotive customers with high-quality lithium hydroxide. It also plans to build high-tech lithium converters at the doorstep of the European and North American automotive industries.
Rock Tech Lithium Inc. (RCK) is up 0.57 per cent on the day, trading at C$3.53 per share at 9:30 am ET.
