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Rock Tech Lithium completes C$6 million private placement
Rock Tech Lithium Inc. has completed a non-brokered private placement, raising approximately C$6 million. The company issued 9,219,301 units at a price of C$0.65 per unit across three tranches.
A strategic investor participated in the offering with a subscription totaling C$3.25 million. This investor is expected to pursue a separate equity interest at the project level in Rock Tech’s fully permitted lithium hydroxide converter located in Guben, Brandenburg, Germany.
The company intends to utilize the net proceeds to advance the Definitive Feasibility Study for the Georgia Lake Mine and the development of the Red Rock Converter in Ontario, as well as for general corporate and working capital purposes.
Entities
Georgia Lake Mine · Guben · Red Rock Converter · Rock Tech Lithium Inc. · TSX Venture Exchange
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] An unnamed strategic investor subscribed for C$3.25 million of the offering. www.presseradar.de · mugglehead.com · www.newsonline24.net
- [● 3 SOURCES] The private placement raised approximately C$6 million in gross proceeds. www.presseradar.de · mugglehead.com · www.newsonline24.net
- [○ 1 SOURCE] Proceeds will be used to advance the Definitive Feasibility Study for the Georgia Lake Mine and the Red Rock Converter in Ontario. mugglehead.com
- [● 3 SOURCES] Rock Tech Lithium Inc. completed a non-brokered private placement. www.presseradar.de · mugglehead.com · www.newsonline24.net
- [● 3 SOURCES] The strategic investor may pursue an equity interest in the company's lithium hydroxide converter in Guben, Germany. www.presseradar.de · mugglehead.com · www.newsonline24.net
- [● 3 SOURCES] The company issued 9,219,301 units at a price of C$0.65 per unit. www.presseradar.de · mugglehead.com · www.newsonline24.net