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Rock Tech Lithium Inc (2)
Symbol RCK
Shares Issued 35,199,894
Close 2020-01-14 C$ 0.53
Recent Sedar Documents

Rock Tech grants options to buy 510,000 shares

2020-01-15 02:16 ET - News Release

Mr. Brad Barnett reports

ROCK TECH GRANTS STOCK OPTIONS

Rock Tech Lithium Inc. has granted 510,000 stock options to directors, officers and consultants of the company.

A portion of the stock options (500,000) have an exercise price of 43 cents per share and will expire on Dec. 31, 2025. The remaining portion (10,000) has an exercise price of 53 cents per share and will expire on Jan. 13, 2023.

Furthermore, the company wishes to announce additional amendments to its outstanding stock options. The company announces the cancellation of 500,000 stock options granted to a director and officer with an exercise price of five cents and expiring on May 31, 2020. The company, subject to the approval of the TSX Venture Exchange and, in certain circumstances, disinterested shareholder approval, also wishes to amend the terms of 1.25 million stock options with an exercise price of $1.50 and expiring on Dec. 31, 2021, to an exercise price of 53 cents per share and an expiry date of Dec. 31, 2025. Additionally, the company wishes to amend the terms of 1.48 million stock options with an exercise price of 88 cents and expiring on Aug. 6, 2022, to an exercise price of 53 cents per share and an expiry date of Dec. 31, 2025. The company wishes to amend the terms of 225,000 stock options with an exercise price of 62 cents and expiring on June 6, 2022, to an exercise price of 53 cents per share and an expiry date of Dec. 31, 2025. Lastly, the company wishes to amend the terms of 45,000 stock options with an exercise price of 93 cents and expiring on Dec. 31, 2021, to an exercise price of 53 cents per share and an expiry date of Dec. 31, 2025.

The company also wishes to amend the terms of 1,445,556 share purchase warrants with an exercise price of $1.45 and expiring on Dec. 31, 2020, to an exercise price of 95 cents per share and an expiry date of Dec. 21, 2021. Additionally, the company wishes to amend the terms of 389,446 warrants with an exercise price of $1.25 and expiring on April 8, 2022, to an exercise price of 85 cents per share.

All proposed amendments to stock options and share purchase warrants are subject to the approval of the TSX Venture Exchange and, in certain circumstances where proposed amendments are related to stock options granted to insiders of the company, disinterested shareholder approval.

We seek Safe Harbor.

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