International Lithium Announces Private Placement

International Lithium Corp (TSXV:ILC.V) announced a private placement for gross proceeds of $760,000. Proceeds from the placement will be used for working capital purposes and for the continued exploration of International Lithium’s properties.
As quoted in the press release:

Each unit comprises one common share and one-half of one transferable common share purchase warrant.  Each whole warrant entitles the holder to acquire one common share of ILC for a period of three years from the date of issuance at a price of $0.12 per share.  ILC may pay finder’s fees in accordance with TSX Venture Exchange policies.  Proceeds of the private placement will be used for the continued exploration of ILC’s properties and for general working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month-and-a-day hold period.
Mr. Kirill Klip, President, International Lithium Corp. invites readers to visit the Company’s website and view an updated President’s message.

Click here for the full press release.