Rock Tech Receives Exchange Approval for Convertible Loan
(via Thenewswire.ca)
Vancouver, BC, Canada - March 14, 2013 - Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK; Frankfurt: RJIA; Pink Sheets: RCKTF) announces that it has received Exchange approval for the $600,000 loan transaction previously announced on February 25, 2013. The loan has an interest rate of 10% and is due on March 13, 2014. The principal amount of the loan and any interest accrued thereon may be converted at the lender's option to acquire shares of the Company at a price of 10 cents per share. Any securities issued in connection with the loan will be subject to a statutory hold period, expiring July 14, 2013.
On behalf of the Board of Directors of the Company,
"Afzaal Pirzada"
Afzaal Pirzada, P. Geo.
Director, Vice President of Exploration and interim CEO
For further information please contact:
Brad Barnett
Vice President of Corporate Finance and Development
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
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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