Rock Tech Appoints Jordan Capital Markets Inc. as Sponsor for Reverse Takeoveradmin
Vancouver, British Columbia, Canada, November 29, 2013 – Rock Tech Lithium Inc. (TSX-V: RCK; Frankfurt: RJIA) (the "Company" or "Rock Tech") is pleased to announce that it has appointed Jordan Capital Markets Inc., subject to completion of satisfactory due diligence, to act as Sponsor for the planned acquisition of all of the issued and outstanding shares of Brainworks Capital Management (Private) Limited ("Brainworks"), a company incorporated in Zimbabwe (the "Transaction").
The Transaction is intended to take the form of a corporate combination whereby, subject to regulatory and shareholder approval, Rock Tech will acquire all of the issued and outstanding shares of Brainworks in exchange for common shares in the capital of Rock Tech. The Transaction will constitute a reverse takeover ("RTO") pursuant to the policies of the TSX Venture Exchange (the "Exchange").
Jordan Capital Markets Inc. ("Jordan") is an independent, Investment Dealer established in Western Canada to service domestic and international retail, institutional and corporate clients. Jordan became a member of both the Investment Industry Regulatory Organization of Canada ("IIROC") and the Canadian Investor Protection Fund ("CIPF") in October, 2008.
An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion.
On behalf of the Board of Directors,
Afzaal Pirzada, P.Geo.
Director, Vice President of Exploration and interim CEO
For more information, please contact:
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
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
Posted: November 29th, 2013 under ACCESSWIRE.