RecycLiCo Battery Materials, (formerly: Rocher Deboule Minerals Corp.) (TSX.V: AMY; OTCQB: AMYZF) (the “Company”) is pleased to announce that further to its earlier announced news releases, the Company has closed its non-brokered private placement raising gross proceeds of $1,193,919 comprised of 5,969,595 units (the “Unit”) at a price of $0.20 per Unit.
Each Unit is comprised of one common share in the capital of the Company plus one-half of a two year share purchase warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one common share at a price of $0.30 per share at any time up to 5:00 pm (Vancouver time) on February 16, 2012. All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.
The proceeds of this private placement will be used toward exploration and infill reverse circulation drilling at the Company’s Artillery Peak Manganese project in Arizona as well as general working capital.
The Company has paid Finder’s fees totaling $59,076 and issued 120,000 broker warrants, in connection with the private placement.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.