Rock Tech Shareholders Approve All Motions at Annual General Meeting

Rhea-AI Summary

On August 13, 2021, Rock Tech Lithium Inc. announced that all matters proposed in the management proxy circular dated July 15, 2021, were approved by shareholders at their Annual General Meeting in Vancouver. Notably, all directors were re-elected, with each receiving over 99.75% of votes. Additionally, the appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors was approved with 99.99% support, and the company's stock option plan secured 99.82% approval. These approvals reflect strong shareholder confidence in Rock Tech's leadership and strategic direction.

Positive

• All proposed matters in the proxy circular were approved by shareholders, indicating strong support.
• Directors were re-elected with over 99.75% of votes, showing confidence in the leadership.
• The appointment of auditors received 99.99% approval, indicating trust in financial oversight.
• The stock option plan was approved with 99.82% of votes, beneficial for employee incentives.

Negative

• None.

VANCOUVER, BC, Aug. 13, 2021 /PRNewswire/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce that all matters set forth in the management proxy and information circular dated July 15, 2021, (the "Circular") were approved by the shareholders of Rock Tech at the Company's Annual General Meeting (the "Meeting") in Vancouver on August 13, 2021.

All directors, as set forth in the Circular, were elected with each director receiving at least 99.75% of the votes cast for the election of directors. Mr. Dirk Harbecke, Mr. Stefan Krause, Dr. Peter Kausch, Mr. Klaus Schmitz, Mr. Simon Bodensteiner and Dr. Wolfgang Voigt were re-elected to the board. Dale Matheson Carr-Hilton Labonte LLP was re-appointed as the auditor, receiving 99.99% of the votes cast for the appointment of auditors. The Company's stock option plan was approved, receiving 99.82% of the votes cast for the approval of the stock option plan. Similarly, all acts and deeds and other business were approved, receiving 99.99% and 99.81% of the votes cast for the respective motions.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman and 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.

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SOURCE Rock Tech Lithium Inc.

FAQ

What decisions were made at Rock Tech Lithium's AGM on August 13, 2021?

At the AGM, all proposed matters, including the re-election of directors and the approval of auditors, were approved by shareholders.

Who were re-elected to the board at Rock Tech Lithium's AGM?

Directors Dirk Harbecke, Stefan Krause, Peter Kausch, Klaus Schmitz, Simon Bodensteiner, and Wolfgang Voigt were re-elected.

What percentage of votes supported the stock option plan at Rock Tech Lithium?

The stock option plan received 99.82% support from voters.

Who was re-appointed as auditors for Rock Tech Lithium?

Dale Matheson Carr-Hilton Labonte LLP was re-appointed as auditors with 99.99% approval.

What does the strong support for Rock Tech Lithium's directors indicate?

The overwhelming support indicates strong shareholder confidence in the company's leadership and strategy.