International Lithium Reports Results from the 2014 Annual General Meeting
25 January 2014 - 5:04AM
Access Wire
Vancouver, B.C. January 24, 2014, International Lithium Corp.
(the "Company" or "ILC") (TSX VENTURE:ILC.V) held its Annual General Meeting on January
23, 2014 and is pleased to announce that all resolutions proposed
in the information circular were passed. In addition, all agenda
items, as outlined in the circular, were approved and all directors
standing for election were re-elected. The Directors for the
ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill
Klip, Mr. Mike Sieb, Mr. Wayne Spilsbury and Mr. Xiaoshen
Wang.
Mr. Gary Schellenberg was reappointed Chief
Executive Officer. Mr. Kirill Klip was reappointed President. Mr.
Jerry Bella was reappointed Chief Financial Officer and
Secretary.
"Approximately 27 million shares, or 35% of
the outstanding shares, were voted at the meeting with shareholders
giving overwhelming support for the direction Management and the
Board of Directors are taking the Company," commented Gary
Schellenberg.
Mr. Kirill Klip stated, "We are working to
advance our Blackstairs Lithium project early in 2014 under the ten
million dollar joint venture with strategic partner Ganfeng Lithium
Co. Ltd. ("GFL"). We are also working with GFL on a corporate
structure that will enable the companies to move forward on
the Mariana lithium-potash brine
project in Argentina."
About International Lithium Corp.
International 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 Ganfeng Lithium Co. Ltd., a leading China based
lithium product manufacturer.
The Company's primary focus is the Mariana lithium-potash brine
project, within the renowned South American "Lithium Belt" that is
the host to the vast majority of global lithium resources, reserves
and production. The 160 square kilometre Mariana project
strategically encompasses an entire mineral rich evaporate basin
that ranks as one of the more prospective salars or 'salt lakes" in
the region.
Complementing the Company's lithium brine project are rare metals
pegmatite properties in Canada and Ireland. These projects reported
highly encouraging lithium mineralization in drill holes targeting
pegmatites that are unexposed at surface (news releases dated April
3,2013 and June 25, 2013).
With the increasing demand for high tech
rechargeable batteries used in vehicle propulsion technologies and
portable electronics, lithium is paramount to tomorrow's
"green-tech" economy. By positioning itself with solid development
partners and acquiring high quality grass roots projects at an
early stage of exploration, ILC aims to be the green tech resource
explorer of choice for investors and build value for its
shareholders.
On
behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.
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. 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.
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