Mr. Kirill Klip reports
INTERNATIONAL LITHIUM CORP. ANNOUNCES PRIVATE PLACEMENT
International Lithium Corp. has arranged a private placement for gross proceeds of $760,000, through the issuance of units of ILC, at a price of eight cents per unit. Each unit comprises one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of ILC for a period of three years from the date of issuance at a price of 12 cents per share. ILC may pay finders' fees in accordance with TSX Venture Exchange policies. Proceeds of the private placement will be used for the continued exploration of ILC's properties and for general working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month-and-a-day hold period.
Kirill Klip, president, International Lithium, invites readers to visit the company's website and view an updated president's message.
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