Rock Tech Lithium Inc. (TSXV:RCK) announced a non-brokered private placement of 2,500,000 units at an issue price of CAD 1.60 per unit for gross proceeds of CAD 4,000,000 on January 6, 2021. The transaction will include participation from an institutional investor. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at a price of CAD 2 per share for a period of 24 months from the date of closing of the transaction. All securities issued in the transaction have a hold period of four months. The closing of the offering is subject to regulatory approval including that of the TSX Venture Exchange.