VANCOUVER, BC, June 29,
2023 /CNW/ - Rock Tech Lithium Inc. (TSXV:
RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or
"Rock Tech") is pleased to announce the results from its Annual
General and Special Meeting of Shareholders (as holders of Common
Shares) held earlier today (the "Meeting").
Detailed information regarding each of the matters voted upon at
the Meeting is provided in the management information circular of
the Company dated May 26, 2023 (the
"Circular"), available on the Company's SEDAR profile at
www.sedar.com.
A total of 13,285,859 Common Shares, representing approximately
13,73% of the issued and outstanding Common Shares, were
represented at the Meeting. All matters voted upon were duly
authorized and approved by Shareholders, as follows:
Item of Business
|
Votes for (in %)
|
Votes against (in %)
|
Votes withheld (in %)
|
1. Appointment of Grant Thornton as auditors of the
Company.
|
13,248,219
(99.72 %)
|
0
(0.0%)
|
37,640
(0.28%)
|
2. Continuation of Rock
Tech from British Columbia to Ontario.
|
13,254,602
(99.76 %)
|
31,257
(0.24%)
|
0
(0.0%)
|
3. Set the number of
directors at six.
|
13,274,164
(99.91 %)
|
11,695
(0.09%)
|
0
(0.0%)
|
4. Approval of the
Stock Option Plan.
|
13,243,054
(99.68 %)
|
42,805
(0.32%)
|
0
(0.0%)
|
At the meeting, Shareholders also elected six nominee directors to
the Board of Directors of the Company for the ensuing year, as
follows:
Director
Nominee
|
Votes for (in %)
|
Votes against (in %)
|
Votes withheld (in %)
|
Dirk
Harbecke
|
13,271,233
(99.89%)
|
0
(0.0%)
|
14,626
(0.11%)
|
Stefan
Krause
|
13,267,065
(94.19%)
|
0
(0.0%)
|
771,864
(5.81%)
|
Dr. Peter
Kausch
|
13,267,065
(99.86%)
|
0
(0.0%)
|
18,794
(0.14%)
|
Klaus
Schmitz
|
12,488,307
(94.0%)
|
0
(0.0%)
|
797,552
(6.0%)
|
Esther Bahne
|
12,505,545
(94.13%)
|
0
(0.0%)
|
780,314
(5.87%)
|
Michelle
Gahagan
|
12,482,377
(93.95%)
|
0
(0.0%)
|
803,482
(6.05%)
|
All of the director nominees previously served on the Board of
Directors of Rock Tech. As a result of German regulatory
restrictions on the number of board positions that can be held
concurrently, the Board of Directors accepted the resignation of
Ms. Jutta Dönges effective on February 28,
2023, who was then appointed member of the Management Board
and Chief Financial Officer of Uniper. No one has been nominated or
elected to fill the position since then.
Furthermore, the Company, prior to the Meeting, has granted
stock options (the "Options) to certain directors, officers and
employees of the Company to acquire an aggregate of 1,640,000
common shares in the capital of the Company in accordance with the
Stock Option Plan. These Options are subject to the terms of the
respective grant agreements as well as the rules and regulations of
the TSX Venture Exchange ("TSX:V"). 650,000 of the options were
issued to Directors and Officers of the Company at an exercise
price of $2.00. The Options will vest
over the next two years and become fully vested by June 22, 2025. The Options are exercisable for a
six-year term, expiring June 21,
2029.
On behalf of the Board of Directors,
Dirk
Harbecke
Chairman & CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to produce lithium
hydroxide for electric vehicle batteries. The Company plans to
build lithium converters at the door-step of its customers, to
guarantee supply-chain transparency and just-in-time delivery,
beginning with the Company's proposed lithium hydroxide merchant
converter and refinery facility in Guben, Germany. To close the most pressing gap in the
clean mobility story, Rock Tech has gathered one of the strongest
teams in the industry. The Company has adopted strict
environmental, social and governance standards and is developing a
proprietary refining process aimed at further increasing efficiency
and sustainability. Rock Tech plans to source raw material from its
wholly-owned Georgia Lake spodumene project located in the Thunder
Bay Mining District of Ontario,
Canada, as well as procuring it from other responsibly
producing mines. In the years to come, the Company expects to also
source raw material from discarded batteries. Rock Tech's goal: to
create a closed-loop lithium production system.
www.rocktechlithium.com
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING
INFORMATION
Certain statements contained in this news release constitute
"forward-looking information" under applicable securities laws and
are referred to herein as "forward-looking statements". All
statements, other than statements of historical fact, which address
events, results, outcomes or developments that the Company expects
to occur are forward-looking statements. When used in this news
release, words such as "expects", "anticipates", "plans",
"predicts", "believes", "estimates", "intends", "targets",
"projects", "forecasts", "may", "will", "should", "would", "could"
or negative versions thereof and other similar expressions are
intended to identify forward-looking statements. In particular,
forward-looking statements contained in this news release include
expectations as described in the section "About Rock Tech".
Forward-looking statements by their nature are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause the actual results to differ
materially from the forward-looking statements. The material
factors or assumptions used to develop the forward-looking
statements include: the Exploration Expenditures, the existence of
certain spodumene pegmatites, the possible type of mining and
concentration of lithium; the distance required for transportation
of concentrate; the Company's ability to procure equipment
necessary for its business; that all required regulatory approvals
and permits can be obtained on the necessary terms in a timely
manner; and that financing will be available to the Company on
commercial terms. There may also be other factors that cause actual
results to differ materially from the forward-looking statements,
including the risks, uncertainties and other factors discussed in
the Company's most recent management's discussion and analysis and
annual information form filed with the applicable securities
regulators.
No assurances can be given that any of the events anticipated by
the forward-looking statements will transpire or occur, and the
Company cautions the reader not to place undue reliance upon any
such forward-looking statements. The Company does not intend, nor
does it assume any obligation to update or revise any of the
forward-looking statements, whether as a result of new information,
changes in assumptions, future events or otherwise, except to the
extent required by applicable law.
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SOURCE Rock Tech Lithium Inc.