International Lithium Corp. announces that it plans to complete a private placement of up to 36,363,636 units at $0.055 per Unit to raise gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share and one-half of one share purchase warrant , with each Warrant exercisable into one common share until February 29, 2024 at an exercise price of $0.08 per common share. The proceeds of the private [...]
International Lithium Corp. announces that it intends to restructure its indebtness, whereby the Company will issue to certain insiders and other private investors of the Company an aggregate of 60,355,000 bonus share purchase warrants of the Company in consideration of debentures with a total principal value of CDN $3,017,750 being substituted with non-convertible debt from the Lenders to the Company . The Loans will [...]
International Lithium Corp. announces that it intends to amend the terms of an aggregate 18,800,000 common share purchase warrants by extending the expiry date by two years to March 31, 2023. All other terms and conditions of the Warrants, including the exercise price of $0.10, will remain unchanged. Of the 18,800,000 Warrants, 12,000,000 were previously issued pursuant to a non-brokered private placement of units that [...]
International Lithium Corp. is pleased to announce that all resolutions proposed at the Company's annual general and special meeting of shareholders held on December 22, 2020 were passed. All agenda items outlined in the information circular for the meeting were approved and all director nominees were elected, with over 99% of votes cast in favour of all the motions. The directors elected for the ensuing year were: John [...]
International Lithium Corp. announces that due to delays resulting from the Covid-19 pandemic, the Company will be postponing the filing of its annual consolidated financial statements and accompanying management's discussion and analysis, and related CEO and CFO certificates for the financial year ended December 31, 2019 , which are required to be filed by April 29, 2020 under National Instrument 51-102 - Continuous [...]
International Lithium Corp. is pleased to announce the receipt of a technical report from strategic partner Ganfeng Lithium Co. Ltd., and , that contains an updated mineral resource estimate for the Mariana lithium brine project located in Salta, Argentina. Highlights The resource estimate contained in the technical report, detailed in the table below, includes: 4,410,000 tonnes of lithium carbonate equivalent in the [...]
International Lithium Corp. is pleased to announce the close of the CAD$1,027,500 non-brokered private placement of secured convertible debentures announced on November 29, 2019 and January 24, 2020. The Debentures will mature on September 30, 2020 and bear interest at a rate of 12% per annum. The debentureholders will have the right to redeem the Debentures on March 31, 2020 and may convert at any time, all or a portion [...]
International Lithium Corp. is pleased to announce that it has increased to $1,027,500 the non-brokered private placement of secured convertible debentures announced on November 29, 2019. The Debentures will mature on September 30, 2020 and bear interest at a rate of 12% per annum. The debentureholders will have the right to redeem the Debentures on March 31, 2020 and may convert at any time, all or a portion of the [...]
International Lithium Corp. is pleased to announce a non-brokered private placement of secured convertible debentures in the principal amount of up to $900,000. The Debentures will mature on September 30, 2020 and bear interest at a rate of 12% per annum. The debentureholders will have the right to redeem the Debentures on March 31, 2020 and may convert at any time, all or a portion of the Debentures into common shares of [...]
International Lithium Corp. is pleased to announce the receipt of the final results from an unmanned aerial vehicle magnetometer survey designed to collect high-resolution magnetic field data over the Raleigh Lake project area. The resulting magnetic images confirm that a geologic body with elevated magnetic response, previously interpreted to be a gabbroic intrusive hosting the lithium bearing pegmatites, continues onto [...]
International Lithium Corp. announces that holders of Convertible Debentures in the aggregate principal amount of CAD $265,000 have elected to amend their Convertible Debentures such that the maturity date is extended by three months until September 30, 2019 and the conversion price is reduced from CAN $0.085 per common share to CAN $0.065 per common share. All other terms and conditions of the Convertible Debentures are [...]
International Lithium Corp. has taken note of the recent Supreme Court of Argentina decision in which the Court rejected a claim brought by Barrick Gold Corp. that the Argentina Glacier Protection Law was unconstitutional. This law, driven by environmental considerations, prohibits mining in Argentina where such mining is on or near glaciers or is on permafrost, and implementation of this law would inhibit certain [...]