International Lithium Corp.: Incentive Stock Options Granted
November 30 2011 - 3:53PM
Marketwired
International Lithium Corp. ("ILC" or the "Company") (TSX
VENTURE:ILC)(TSX VENTURE:ILC.WT) advises that 3,625,000 incentive
stock options have been granted to directors, officers, employees
and consultants of the Company. The options are exercisable at
$0.25 per share for a period of five years, subject to regulatory
approval. The options are subject to a four month hold period.
ABOUT INTERNATIONAL LITHIUM CORP.
International Lithium Corp. is an international rare element
metals ("REM") mineral exploration company with an outstanding
portfolio of projects, strong management ownership, robust
financial support and a prominent lithium product manufacturer as a
keystone investor.
ILC currently has 9 active REM projects, well balanced between
lithium brines in Argentina and Nevada and hard-rock pegmatites in
Canada and Ireland. The Company's primary focus is the Mariana
lithium brine project, a salar or 'salt lake', covering an
expansive 160 square kilometres and strategically encompassing the
entire basin. Mariana is located in the renowned South American
'Lithium Belt' centred on the junction of Argentina, Bolivia and
Chile that is host to the vast majority of global lithium
resources, reserves and production. The Mariana lithium brine
project ranks as one of the more prospective salars in a world
class region.
Complementing the Company's lithium brine projects are the REM
pegmatite properties. The key characteristics shared by the
hard-rock REM projects are their limited past exploration,
excellent accessibility, limited analytical coverage for the full
suite of rare metals, clear value added exploration and development
potential to meet the global technological growth in demand for the
REM suite of elements.
International Lithium Corp.'s mandate is to increase shareholder
value through staged advancement of its core projects and to source
joint venture partners to expand the scope and diversify risk of
its exploration effort.
On behalf of the Board,
Mike Sieb, President
International Lithium Corp.
Shares CUSIP: #459820 10 6
Warrant CUSIP: #459820 11 4
Statements in this press release other than purely historical
information, historical estimates should not be relied upon,
including statements relating to the Company's future plans and
objectives or expected results, are forward-looking statements.
News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange
Act of 1934, as amended. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
Neither the 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.
Contacts: International Lithium Corp. Mike Sieb President (604)
687-7551 or Toll Free: 1-800-667-4470 (604) 687-4670
(FAX)info@internationallithium.comwww.internationallithium.com
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