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TSX.V:ILC FRA:IAH OTC:ILHMF
WKN:A1JAZU ISIN:CA4598201065

Press Release News Updates

Home 2016 International Lithium Corp. Issues Clarifying News Release

International Lithium Corp. Issues Clarifying News Release

December 23, 20162016John Wisbey

Vancouver, B.C. December 23, 2016, International Lithium Corp. (the “Company” or “ILC”) (TSX Venture:ILC.V) reports that it is issuing this news release to clarify inadvertently omitted disclosure in the Company’s Information Circular dated May 11, 2016, related to Mr. Gary Schellenberg a director and CEO of the Company.

The Company’s circular for its 2016 annual general meeting of shareholders omitted required disclosure about a cease trade order for Golden Coast Energy Corp. (“GCE”), a company for which Mr. Schellenberg was a director at the time of the cease trade order. While a director of GCE, on December 11, 2015, GCE was subject to a cease trade order of the British Columbia Securities Commission for GCE’s failure to file its audited financial statements and related MD&A for the financial year ended July 31, 2015.  The cease trade order remains in effect.  Mr. Schellenberg resigned as a director of GCE on March 24, 2016.

The inadvertent omission was identified during an internal review and audit of the Company’s recent disclosures.

Following ILC’s corporate principles to promote full and complete disclosure and to rectify the omission, the Company issues this clarification.

 

 

On behalf of the Board of Directors,

 

Gary Schellenberg

CEO, 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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Forward-Looking Information

Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This website 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 might vary materially from those described in this website. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.

Qualified Person

Afzaal Pirzada, M.Sc., PGeo., Consultant to International Lithium and a “Qualified Person” as defined under NI 43-101, has reviewed and approved the technical content of this website.

International Lithium Corp. ILC:TSX.V

Suite 1910 – 1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
+1 604-449-6520
+1 604-484-7143
info@internationallithium.com

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