International Lithium Announces Grant of Stock Options
International Lithium Announces Grant of Stock Options
Vancouver, B.C. February 23, 2017: International Lithium Corp. (the “Company” or
“ILC”) (TSX VENTURE: ILC.V) announces that it has granted to directors, officers and
consultants of the Company stock options (the “Options”) to purchase a total of
3,150,000 common shares at a price of $0.155 per common share. The Options are
exercisable for a period of 5 years and have been granted in accordance with the terms
of the Company’s current stock option plan. The options are subject to a four month
hold period.
About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of
projects, strong management, robust financial support, and a strategic partner and
keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product
manufacturer.
The Company’s primary focus is the stratetegic stake in the Mariana lithium-potash
brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd.
within the renowned South American “Lithium Belt” that is the host to the vast majority
of global lithium resources, reserves and production. The Mariana project strategically
encompasses an entire mineral rich evaporate basin, totalling 160 square kilometres,
that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite
properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the
Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite
belt. The Avalonia project is under option to strategic partner Ganfeng Lithium and the
Mavis and Raleigh projects with strategic partner Pioneer Resources Limited
(ASX:PIO). The Mavis, Raleigh and Forgan projects together form the basis of the
Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring
numerous prospects with previously reported high concentrations of lithium in close
proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle
propulsion technologies and portable electronics, lithium is paramount to tomorrow’s
“green-tech”, sustainable economy. By positioning itself with solid strategic partners and
acquiring high quality assets for the Energy rEVolution supply chain, ILC aims to be the
partner of choice for investors in green-tech and to continue to build value for its
shareholders.
488-625 Howe Street
Vancouver, British Columbia
V6C 2T6, Canada
T: 604.687.7551
TF: 1.800-667.4470
www.internationallithium.com
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On behalf of the Board of Directors,
Kirill Klip
Chairman, President and CEO, International Lithium Corp.
+1 (604) 687-7551
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 is
frequently characterized by words such as "plan", "expect", "project ", "intend", "believe",
"anticipate", "estimate", "will", "could" and other similar words, or statements that certain
events or conditions "may" or "could" occur. 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 "Forward -Looking Statements" in the interim
and annual Management's Discussion and Analysis which are available at www.sedar.com.
While our management believ es that the assumptions made are reasonable, should one or more
of the 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 estimates and opinions of management on the dates they are
made 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.