Tuesday, August 19 2014 8:46 AM EDT2014-08-19 12:46:09 GMT
Twenty people have been rounded up in a month as part of a crackdown on drugs in Saluda County, according to the sheriff's office.Saluda County Sheriff John Perry said most of those arrested on chargesMore >>
Twenty people have been rounded up in a month as part of a crackdown on drugs in Saluda County, according to the sheriff's office.More >>
Tuesday, August 19 2014 4:10 PM EDT2014-08-19 20:10:07 GMT
The police chief for Gulf Shores along Alabama's coast is weighing-in on the actions of the law enforcement commander in charge of Ferguson, Missouri's in the wake of an escalating crisis brought on byMore >>
Gulf Shores Police Chief Ed Delmore wrote a blistering open letter to Captain Ronald S. Johnson, who was given command of law enforcement operations following days of looting and rioting in the city.More >>
Tuesday, August 19 2014 7:55 PM EDT2014-08-19 23:55:24 GMT
Deep in a mine shaft in the California desert, the body of a pregnant wife of a U.S. Marine was discovered after a search of nearly two months.More >>
A former Marine charged Tuesday with murder after the body of his alleged lover was found in an abandoned California mine shaft had been looking into how to dispose of a human body, a sheriff's investigator said.More >>
Tuesday, August 19 2014 12:19 PM EDT2014-08-19 16:19:09 GMT
A Kansas City police officer is being investigated for his posts on social media, one of which claimed a photo of an Oregon murder suspect was Michael Brown, the unarmed 18-year-old who was shot at leastMore >>
This is not Michael Brown. But a Kansas City Police Department officer may be in hot water for saying it is.More >>
VANCOUVER, B.C. / ACCESSWIRE / April 04, 2014 / International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE:ILC.V) announces strategic partner GFL International Co., Ltd. (“Ganfeng Lithium” or “GFL”) received shareholder approval for the Loan Conversion and Investment Agreement (the “Agreement”) announced by the Company on March 19, 2014.
The Agreement gives GFL increased ownership in the Mariana lithium brine project in Argentina in exchange for work commitments and the cancellation of approximately US$3.3 million in loans plus interest indebted to GFL (see NR March 19, 2014). Additionally the Agreement gives GFL the sole and exclusive right and option to earn an additional 10% interest in the Mariana Property by paying ILC US$450,000 within 15 days of GFL receiving the shareholder approval announced herein.
The resultant ownership of the Mariana project if all conditions are met will be 80% GFL and 20% ILC.
Other noteworthy terms of the Agreement include a back in right granted to ILC to acquire 10% in the project following the completion of a Feasibility Study and GFL granting ILC loans for up to $2 million to carry ILC’s participating interest in the project.
ILC and GFL are now beginning the process of formally defining their joint venture on the Mariana lithium brine project and reviewing proposed budgets to advance the project quickly and efficiently.
“We are encouraged the shareholders of Ganfeng Lithium trust that the Mariana project is a solid investment decision. International Lithium will benefit from this closer relationship with Ganfeng Lithium as we are not only receiving capital for project advancement, but also gaining access to the unique technologies of our strategic partner that can be tailored to the Mariana brine and reduce our research and capital costs during the exploration, feasibility and production stages of project development. Our immediate goals are to define mineral resources at the Mariana Property and investigate the project’s economic potential,” Kirill Klip, President, International Lithium Corp.
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,
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.
Monday, August 18 2014 4:58 PM EDT2014-08-18 20:58:47 GMT
One lane of the interstate has been reopened after it was shut down due to a deadly crash early Monday morning. The South Carolina Highway Patrol reports the collision happened around 3:21 a.m. on theMore >>
One person is dead and five others were injured when a tire blew on the vehicle they were riding in early Monday morning on Interstate 26.
Monday, August 18 2014 4:39 PM EDT2014-08-18 20:39:10 GMT
A home was badly damaged in a fire on Quail Rd Sunday. (Source: Beth Baldauf)
A home is likely a total loss after a fire swept through most of the structure Sunday afternoon. Crews were called to a home on Quail Lane near Trenholm Rd and found the home engulfed in flames. No injuriesMore >>
A home is likely a total loss after a fire swept through most of the structure Sunday afternoon. More >>
Sunday, August 17 2014 8:10 PM EDT2014-08-18 00:10:48 GMT
Forrest Wood Cup weigh-in Sunday. (Source: Tom Round)
It was a big pay day for Anthony Gagliardi Sunday. The Prosperity native took home the $500,000 grand prize in the Forrest Wood Cup held in Columbia. Anglers from across the nation headed to Lake MurrayMore >>
It was a big pay day for Anthony Gagliardi Sunday.More >>
Wednesday, August 20 2014 4:00 AM EDT2014-08-20 08:00:09 GMT
Some of the most beautiful places in South Carolina are just a short drive away from the Midlands. And some of the most interesting places in the state are right in our back yard.Local author and formerMore >>
Some of the most beautiful places in South Carolina are just a short drive away from the Midlands. And some of the most interesting places in the state are right in our back yard.More >>
Tuesday, August 19 2014 11:55 PM EDT2014-08-20 03:55:40 GMT
You may not have heard of Morgan Reeves or seen any of his election ads on television. That's because the state gubernatorial candidate doesn't have any and he doesn't have any campaign contributions.More >>
Independent candidate Morgan Reeves is looking to level the playing field when it comes to campaigning for elections. More >>
Tuesday, August 19 2014 11:53 PM EDT2014-08-20 03:53:16 GMT
For many businesspeople like real estate Jennifer Harding, Fort Jackson is worth fighting for. A loss of jobs on the Army post would have an especially drastic impact on her business."It means a loss ofMore >>
The loss of 3,100 Fort Jackson personnel could have a heavy affect on businesses around the Army post. More >>
Tuesday, August 19 2014 10:30 PM EDT2014-08-20 02:30:17 GMT
A slow speed chase in Kershaw County by a 92-year-old man raised a question of how old is too old to drive. The call came in near dusk in Kershaw County. "A reckless driver headed east on I-20 towardsMore >>
A slow speed chase in Kershaw County by a 92-year-old man raised a question of how old is too old to drive. More >>
Tuesday, August 19 2014 9:52 PM EDT2014-08-20 01:52:08 GMT
The suspect wanted for shooting into an occupied Sumter home has turned himself in. Terrance D. Haynesworth, 32, was wanted by the Sumter Police for a shooting that took place on Sampson Street on MondayMore >>
Terrance D. Haynesworth turned himself after being wanted for a shooting on Sampson Street. More >>