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International Lithium Corp. Receives $250,000 Advance from Strategic Partner, Ganfeng Lithium Co. Ltd.
(via Thenewswire.ca) Vancouver B.C. July 31, 2013: International Lithium Corp. ("ILC" ...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Corp. Receives $250,000 Advance from Strategic Partner, Ganfeng Lithium Co. Ltd.(via Thenewswire.ca)\n \n \nVancouver B.C. July 31, 2013: International Lithium Corp. (\"ILC\" or the \"Company\") (ILC: TSX-V) is pleased to announce that Ganfeng Lithium Co. Ltd. (\"Ganfeng Lithium\") advanced USD$250,000 to the Company under an amendment to the option agreement between the two Parties (the \"Blackstairs Agreement\") which gives Ganfeng Lithium an option to earn up to a 100% interest in ILC's wholly owned Blackstairs project in Ireland. \n\n \n \nIn consideration of the advance of $250,000, which may be applied against either of the options as set out in the Blackstairs Agreement, ILC has extended the deadline for the exercise of such options to September 30, 2013. Additionally, if Ganfeng Lithium decides not to proceed with the option on Blackstairs, the $250,000 advance may be converted by Ganfeng Lithium into a 5.6% interest in ILC's rights to the Mariana Property. Ganfeng Lithium has also agreed to defer certain interest payments owing to it by ILC under existing loan agreements.\n\n \n \nAbout Ganfeng Lithium Co. Ltd.\n\n\n \nGanfeng Lithium based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in the 2000 and listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 12 years.\n\n \n \nAbout International Lithium Corp.\n\n\n \n\nInternational Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.\n\n\n \n\nThe Company's primary focus is the Mariana lithium-potash brine project, within the renowned South American \"Lithium Belt\" that is the host to the ...