International Lithium Amends Private Placements
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
NEWS RELEASE
International Lithium Amends Private Placements
Vancouver, B.C. June 12, 2019: International Lithium Corp. (the “ Company” or “ ILC”) (TSX
VENTURE: ILC) announces the closing extension, to July 15, 2019, of its previously announced
non-brokered private placement (the “ Private Placement”) of up to 16,666,667 units (each a
“Unit”) at a price of $0.06 per Unit to raise up to CAD $1,000,000. Each Unit will consist of one
common share of the Company and one-half of a transferable common share purchase warrant
(each whole warrant, a “Warrant”). Each Warrant will be exercisable into one common share in
the capital of the Company at an exercise price of $0. 09 per share. The Company intends to
amend the maturity date of the Warrants from two years to three years. Please r efer to the
Company’s news release dated April 17, 2019 for further details.
The Company also announces that it intends to amend the terms and final maturity date of its
non-brokered private placement of convertible deventures (the “ Debentures”) in the principal
amount of GBP 240,000 (CAD $408,000), previously announced on February 13, 2019. The
maturity date of the Debentures will be revised from May 31, 2019 to September 15, 2019. The
interest rate will be reduced from 15% per annum to 10% per annum. The debentureholders may
convert at any time, all or a portion of the convertible loan principal into common shares of the
Company at a price of CAD $0.07 per common share.
The Amendments to the terms of the above private placements remain subject to the approval of
the TSX Venture Exchange.
Certain directors of the Company may participate in these private placements. The proposed
issuance of private placement securities to non -arms’ length parties also constitutes a related -
party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions (“MI 61-101”). Because the Company’s shares trade only on the TSXV, the
issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61 -
101 pursuant to Subsection 5.5(b) of MI 61 -101 and exempt from the minority approval
requirements of Section 5.6 of MI 61-101.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
1030 West Georgia Street, Suite 1910
Vancouver, British Columbia
V6E 3V7, Canada
T:+1 604-449-6520
www.internationallithium.com
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For further information concerning this news release please contact +1 604-449-6520
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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking
information” within the meaning of applicable securities law. Forward -looking information or
forward-looking statements in this or other news releases may include: the Company’s ability to
raise sufficient funds for operations, approvals of the TSX Venture Exchange, and closing of the
private placements by the deadlines. Such forward-looking information is based on a number of
assumptions and subject to a variety of risks and uncertainties, including but not limited to those
discussed in the sections entitled “Risks” and “Forward -Looking Statements” in the interim and
annual Management’s Discussion and Analysis which are available at www.sedar.com. While
management believes that the assumptions made are reasonable, there can be no assurance
that forward -looking statements will prove to be accurate . Should one or more of th e risks,
uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking information. Forward-looking
information herein, and all subsequent written and oral forward-looking information are based on
expectations, estimates and opinions of management on the dates they are made that, while
considered reasonable by the Company as of the time of such statements, are subject to
significant business, economic and competitive uncertainties and contingencies. These estimates
and assumptions may prove to be incorrect and are expressly qualified in their entirety by this
cautionary statement. Except as required by law, the Company assumes no obligation to update
forward-looking information should circumstances or management’s estimates or opinions
change.