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RM RouteMaster Capital Inc

0.83
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
RouteMaster Capital Inc TSXV:RM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.83 0.82 0.84 0 01:00:00

Rodinia Lithium Closes First Tranche of Private Placement Financing

27/03/2014 9:01pm

Marketwired Canada


THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION
TO THE UNITED STATES


Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM), has closed
the first tranche of its previously announced non-brokered private placement
financing for gross proceeds in the amount of $872,500. The Company issued
17,450,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consists
of one common share of the Company (a "Common Share") and one common share
purchase warrant (each a "Warrant"), entitling the holder to acquire a Common
Share at $0.10 until March 27, 2016. In the event the Company decides to
increase the size of the private placement, closing of the second and final
tranche will occur on or before April 15, 2014. 


The Company intends to use the net proceeds to continue development of its Salar
de Diablillos lithium-potash property located in Salta Province, Argentina and
for general working capital purposes. 


The Common Shares, Warrants and shares underlying the Warrants will be subject
to a four month and one day statutory hold period expiring on July 28, 2014.
Closing of the private placement transaction remains subject to the receipt of
all regulatory approvals, including final approval of the TSX Venture Exchange. 


The Company paid finder's fees of $42,150 plus applicable taxes, to certain
arm's length finders in connection with the private placement.


About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company
with a primary focus on Lithium exploration and development in Argentina. The
Company is also actively exploring the commercialization of a significant Potash
co-product that is expected to be recoverable through the lithium harvesting
process.


Please visit the Company's web site at www.rodinialithium.com or write us at
info@rodinialithium.com. 


Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release may be deemed to constitute "forward-looking information"
within the meaning of Canadian securities law. Such forward-looking information
may include, without limitation, statements (express or implied) regarding the
private placement financing, anticipated timing and results of the development
of the Diablillos property and the ability of the Company to complete a
strategic transaction. There can be no assurance that such statements (express
or implied) will prove to be accurate, and actual results and future events
could differ materially from such statements. Investors are cautioned not to put
undue reliance on forward-looking information. Except as otherwise required by
applicable securities statutes or regulation, the Company expressly disclaims
any intent or obligation to update publicly forward-looking information, whether
as a result of new information, future events or otherwise.


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

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