www.rocktechlithium.com
Rock Tech Lithium Inc. (TSX-Venture: RCK | Frankfurt: RJIA) is a Canadian based resource company focused on acquiring, exploring and developing high-quality lithium and rare metals properties.
The Company’s strategy is to acquire and develop lithium properties that are at various stages of development — from early-stage exploration projects to advanced-stage exploration projects that have been the subject of prior work programs and/or contain historic resources that can be brought to NI43-101 standards and positioned for production within a reasonable timeframe.
Rock Tech Lithium announces IFOS Internationale takes near 16% stake
Rock Tech Lithium (CVE:RCK) said Wednesday that IFOS Internationale Fonds Service has boosted its stake in the Canadian lithium explorer to up to almost 16%.
IFOS bought another 6.0 million units of Rock Tech in a private placement that closed last week, at a price of $0.25 each, for total consideration of C$1.5 million.
The additional shares represent an approximate 7.25% interest, bringing IFOS' stake to 14 million shares, or a 15.6% holding, assuming the exercise of all warrants.
Each unit consists of one common share of Rock Tech and one half of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at a price of $0.60 each for a period of two years, ending May 19, 2013.
Rock Tech said that IFOS has acquired the shares for investment purposes, and has no present intention to acquire further shares of the company.


















