Rock Tech to take over Brainworks

Rock Tech to take over Brainworks
Published: 02 December 2013
Rock Tech Lithium Inc. has announced that, further to its letter of intent with Brainworks Capital Management, it has signed a Share Purchase Agreement to purchase all of the issued and outstanding shares of Brainworks.

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 pursuant to the policies of the TSX Venture Exchange.

Rock Tech currently has an issued and outstanding share capital of 99 845 108 common shares.

Prior to the closing of the transaction, this outstanding share capital will be consolidated on the basis of ten old shares for one new share, resulting in 9 984 511 common shares.
- herald
Tags: Brainworks,

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