Exploring for Lithium, Rare Earth Metals, Precious & Base Metals across the globe from Argentina to Ireland!
Established in a time when lithium demand around the world is increasing from China and other developing nations, International Lithium Corp. aims to acquire lithium and rare metals properties of merit in an effor to assemble an attractive package for major companies to joint venture and develop further.
Efficient energy is no longer a luxury, it has become a necessity in a world where energy sources are dwindling while environments are taking a toll.
2011-05-26 11:24 PT
Mr. Kirill Klip of International Lithium reports
EARLY WARNING REPORT MAY 26, 2011
On May 19, 2011, pursuant to a plan of arrangement between TNR Gold Corp. and International Lithium Corp., Kirill Klip acquired 6,551,250 units (the "Units") of International Lithium, each Unit consists of one common share (the "Common Shares") and one share purchase warrant (the "Warrants"), each Warrant entitles Mr. Klip to purchase an additional common share of International Lithium any time up to May 19, 2013 at a price of $0.375.
In addition, pursuant to a concurrent private placement, Mr. Klip acquired an additional 1,000,000 units (the "PP Units") of International Lithium at a price of $0.25 per PP Unit, each PP Unit consisting of one common share (the "PP Common Shares") and one share purchase warrant (the "PP Warrants") each PP Warrant entitles Mr. Klip to purchase an additional PP Common Share at a price of $0.375 per PP Common Share in the capital of International Lithium up to May 19, 2013. The Common Shares, PP Common Shares, Warrants and PP Warrants represent approximately 20.56% of the outstanding common shares of International Lithium.
After giving effect to the issuance of the Common Shares, PP Common Shares, Warrants and PP Warrants, Mr. Klip now holds, directly or indirectly, a total of 7,551,250 common shares and 7,551,250 warrants which represents a 20.56% interest, assuming exercise of all of the foregoing warrants.
The Common Shares and the Warrant Shares of International Lithium were acquired by Mr. Klip pursuant to a plan of arrangement between TNR and International Lithium and the PP
Common Shares and the PP Warrants were acquired for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of International Lithium from time to time, Mr. Klip may purchase or sell securities of International Lithium.