Rock Tech Extends Agreement with Technical Geological Adviser
VANCOUVER, Feb. 14, 2017 /CNW/ - Rock Tech Lithium Inc. (the "Company") (TSX-V: RCK; Frankfurt: RJIB), is pleased to announce the continued business relationship with Arriva Management Inc. ("Arriva"). Arriva will continue to provide technical geologic and strategic consulting to the Company. Arriva's technical team is providing vital support in collecting and analyzing data from the recent channel sampling program and planning the next stages of exploration and development at the Georgia Lake lithium project.
As partial compensation for the services to be provided, Arriva will receive $39,000 worth of common shares of the Company. The common shares will be paid in tranches after services have been rendered, per the Policies of the TSX Venture Exchange.
The agreement and all securities proposed to be issued thereunder are subject to the approval of the TSX Venture Exchange.
Martin Stephan, Rock Tech's CEO, comments: "We are very pleased to extend our relationship with Arriva Management; the technical support provided by Arriva is second to none. Their technical team is providing invaluable support in the collection and interpretation of data from the channel sampling program and will continue to provide support as we develop and implement a drilling program at our Georgia Lake lithium property."
About Arriva Management Inc.
Arriva is a private, Canada-based consulting firm serving the mineral resources sector. Working with a number of experienced mining and mineral exploration experts providing a wide range of mineral exploration expertise, Arriva is an excellent fit for Rock Tech's growth plans. Arriva strives to provide information and services that deliver quality and speed to exploration programs. With experience in working in various parts of the world, Arriva offers a global perspective and is on top of current trends.
About Rock Tech Lithium Inc.
Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of lithium and other selected battery metals.
The Company's 100%-owned Georgia Lake lithium property, located northeast of Thunder Bay, Ontario, has an NI 43-101 compliant indicated resource estimate of 3.19 million tonnes grading 1.10% lithium oxide in addition to an inferred resource estimate 6.31 million tonnes grading 1.00% lithium oxide. To download the NI 43-101 resource estimate and learn more about Rock Tech, please visit our website at www.rocktechlithium.com.
On behalf of the Board of Directors of the Company,
"MARTIN STEPHAN"
Martin Stephan
Director, Chief Executive Officer
Neither 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.
SOURCE Rock Tech Lithium Inc.
Brad Barnett, Chief Financial Officer, Rock Tech Lithium Inc., 1021 West Hastings Street, Suite 900, Vancouver, B.C., V6E 0C3, Telephone: (604) 558-5123, Facsimile: (604) 670-0033, Email: [email protected]
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