Business
International Lithium Announces Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - International Lithium Corp....
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Announces Private Placement of Convertible DebenturesVancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") announces, further to its news release of January 6 concerning convertible debenture amendments, that it intends to replace the securities by completing a private placement of convertible debentures (\"Debentures\") to raise up to $717,500. Each Debenture will be convertible at CAN $0.05 per common share until September 30, 2020 and bear interest at 15% per annum. The private placement is subject to approval of the TSX Venture Exchange.The proceeds of the private placement will be used for general and administrative expenses, and working capital. About International Lithium Corp.International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a major turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect. A key goal in the new decade is to become a well funded company to turn our aspirations into reality.International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., (\"Ganfeng Lithium\") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.The Company's primary strategic focus is now on the Mariana project in Argentina and on the Raleigh Lake project in Canada. The Company has a strategic stake in the Mariana lithium-potash brine project located within the renowned South America...