Replies to post #51 on Defi Technologies Inc (DEFTF)

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Rodinia Lithium Announces Increase to Private Placement Financing

Rodinia Lithium Announces Increase to Private Placement Financing
TORONTO, ONTARIO--(Marketwired - Mar 24, 2014) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX-VENTURE:RM)(OTCQX:RDNAF), announces that due to strong response from investors, the Company has increased its non-brokered private placement financing to $875,000 from its initially targeted $500,000 financing, announced on March 10, 2014. The increased financing will be completed through the issuance of 17,500,000 units of the Company (the "Units") at a price of $0.05 per Unit for gross proceeds of $875,000. Each Unit shall consist 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 for a period of 24 months from the date of issuance.

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 Company may, subject to additional interest received, increase the size of the private placement to include other existing and new accredited investors.

The Common Shares, Warrants and shares underlying the Warrants will be subject to a four month and one day statutory hold period. Closing of the private placement transaction remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. The private placement will be non-brokered; however, the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange.