Rock Tech Engages Value Relations Gmbh for European Ir Services
(via Thenewswire.ca)
Vancouver, British Columbia, July 18, 2011 - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-Venture: RCK; Frankfurt: RJIA) is pleased to announce that they have engaged Value Relations GmbH ("Value Relations") to provide strategic investor relations and corporate communications services in Germany, Austria and Switzerland.
The Company will pay Value Relations a lump sum fee of €60,000 in respect of these services. Additionally, the Company will grant Value Relations 300,000 stock options of the Company at a mutually agreed upon exercise price. These stock options, expiring three years after the date of grant, will vest in stages over 12 months with no more than 1/4 of the stock options vesting in any 3 month period. The agreement's effective date is June 1, 2011 and will end May 31, 2012, unless otherwise renewed. This agreement and the issuance of stock options are both subject to regulatory approvals.
Value Relations, operating out of Frankfurt, Germany, provides investor communications and marketing strategies for growing and emerging public companies in the resource and high-tech sectors. Mr. Christoph Bruening, Value Relations Managing Partner, has been providing investor relations and public consulting services in English and German-speaking markets to Canadian companies for over 10 years.
Value Relations and Mr. Christoph Bruening are at arm's length to Rock Tech. Value Relations owns 200,000 shares and warrants of the Company entitling Value Relations to purchase 50,000 shares at $0.60 each. Neither Mr. Bruening nor other directors of Value Relations own any securities of Rock Tech.
On behalf of the Board of Directors,
"Eunho Lee"
President, CEO and Director
For further information please contact:
Brad Barnett
Controller, Senior Manager-Corporate Affairs and Corporate Secretary
Phone: (604) 688-1140 | Facsimile: (604) 688-1173
E-mail and website: info@rocktechlithium.com | www.rocktechlithium.com
Disclaimer:
Neither the 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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