International Lithium Corp., President's Update

About this update from Ilc Critical Minerals Limited

[{"type":"text","content":"International Lithium Corp., President's Update(via Thenewswire.ca)\n\n \nVancouver B.C., Aug.-8-2013: International Lithium Corp. (\"ILC\" or the \"Company\") (ILC: TSX-V) I am pleased to provide a corporate update and summary of the Company's activities for our shareholders. International Lithium Corp. continues to advance its core exploration projects by securing the land tenure at the Mariana brine project in Argentina and working towards monetizing the Blackstairs pegmatite project in Ireland. We have avoided equity financings at low share prices and instead built up our allegiance with strategic partner Ganfeng Lithium Co. Ltd.\n\n \n \nHighlights\n\n\n \n-Total number of fully diluted shares is reduced from 151,964,995 to 83,958,046.\n\n\n \n-Strategic Partner, Ganfeng Lithium Co. Ltd. (\"GFL\" or \"Ganfeng Lithium\") delivers advanced payment of $250,000 for Blackstairs options\n\n\n \n-Ganfeng Lithium provide loan of $1,199,000 to secure the second option payment for the Mariana project option with the original vendors. GFL enter into an agreement to acquire up to 51% of the Mariana project by making an additional payment of $1,090,000 totaling $2,289,000 to secure the full rights to the Mariana project from the original vendors\n\n\n \n-Successful exploration programs carried out at the Blackstairs, Ireland and Mavis Lake, Ontario lithium pegmatite projects.\n\n \n \nLike many other companies involved in the discovery and extraction of natural resources, International Lithium Corp. has had to navigate through a volatile market, resultantly delaying several planned initiatives such as the commencement of field work at Mariana. Despite the turbulent conditions, I am happy to report that we have met our goals of completing successful drill programs at Blackstairs, Ireland, and Mavis Lake, Ontario. More importantly we have secured financial backing from our strategic partner to preserve our main projects and continue our operations without the need for equity financings at low share prices that would result in a significant dilution for existing shareholders. \n\n \n \nShare Structure\n\n\n \nOn May 24, 2013 the Company had 66,122,859 unexercised warrants expire and on July 21, 2013 an additional 2,109,090 unexercised warrants expired.\n\n \n \nStock Options issued under the Company's Stock Option Plan consist of 3,625,000...

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