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Monday, April 11, 2011

International Lithium Corp IPO - AIP buying into new company spinning out of TNR Gold Corp.

Initial Public Offering:
International Lithium Corporation [TSX: ILC]


(Right: International Lithiums Marianna lithium brine project in Argentina)

Alternative Investment Partners (“AIP”) has secured an allocation for International Lithium Corporation’s (“ILC”) upcoming Initial Public Offering (IPO) (via a spin-off through a ‘Plan of Arrangement’ from TSXV-listed TNR Gold Corp.) with an issue price of 25 cents. Cornerstone investors will also receive free 1-for-1 warrants (options).

The company is offering up to 12,000,000 Units at a price of 25 cents (Canadian dollars) with each Unit consisting of one share and one share purchase warrant with a two year term to raise up to CAD$3,000,000.
Of the 12 million Units, 6 million have been earmarked for the entry of a strategic partner that will enhance and strengthen ILC from the outset. ILC has successfully cultivated and garnered significant interest from a multitude of Asian based conglomerates and end-product users over the last year. It is one such strategic group that ILC is targeting for the 6 million Unit allocation that will potentially provide a significant benefit to the Company as well as to the shareholders. Given the above, the opportunity exists for other investors to acquire up to 6,000,000 Units (or CAD$1,500,000) in a burgeoning Company at the initiation of trading.

INTRODUCTION
ILC will be a spin-off through a ‘Plan of Arrangement’ from the TSXV-listed TNR Gold Corp. [TSXV: TNR], which has a 25 year history of early stage exploration for gold and copper globally with a primary focus in Argentina. TNR’s head office is located in Vancouver, British Columbia, Canada with a long standing field office in San Juan Argentina. The spin-off has received necessary shareholder approval with all the preliminary documentation completed and submitted to the appropriate regulatory body awaiting final approval upon completion of the initial financing.

ILC will have approximately ~64,000,000 Shares post spin-off / listing (~128,000,000 fully diluted), comprising ~55% TNR shareholders (1-for-4 share distribution, 140,000,000 TNR shares to comprise 35,000,000 ILC shares), ~27% corporately held by TNR for the disbursement of the properties to ILC and the residual from external investors through the current Financing. Upon listing, insider ownership of TNR will be greater than 50% reflecting strong structural maintained ownership.

ILC has an attractive suite of both lithium brine and rare-metal hard-rock projects in North America (Alaska, Nevada, Ontario), South America (Argentina) and Ireland. The projects are at various stages of exploration and funds raised is scheduled to support Opex for the next 12 months, in particular drill programs and sampling at the Argentina, Nevada and Ontario projects. Initial lithium brine samples at the Mariana project in Argentina have revealed a strong indication of potential and it is the Company’s objective to delineate a resource across two phases of drilling.

ILC will be managed by an experienced and aligned management team, based in Vancouver,
Canada.

HIGHLIGHTS
(This section is not intended to provide full information for investors intending to apply for
Units offered pursuant to this Offer. The Information Circular (see link below) should be read
and considered in its entirety)
Market Capitalisation on listing: CAD$ 15,000,000
Cash (on listing): CAD $2,500,000 - $3,500,000
Total Shares Outstanding: 64,000,000
Fully Diluted Total Shares Outstanding: 128,000,000

 International Lithium Corporation (ILC) is a Vancouver, Canada based,
geographically diversified lithium and rare metal early stage exploration company.

 ILC has an attractive suite of 9 projects in some proven and highly prospective
lithium belt regions of North America, South America and Ireland


 The 100%-owned 160km2 Mariana project is located within the most prolific lithium
belt in the world. Surface lithium concentration up to 650ppm and one of the highest
potassium (potash) concentration outside of SQM’s Atacama, Mariana also boasts good
infrastructure being near pave roads and a National railroad between Chile and
Argentina.


 Many of the tenement locations are well located to infrastructure and existing
mining operations
 A comprehensive drilling programme is scheduled to commence immediately
following the successful TSXV listing of ILC

 Alignment of interest with investors – ILC management will retain a significant stake
 Initial discussions have been undertaken with respect to potential strategic
partnerships

 Upon successful completion of the Plan of Arrangement, the Company will
have no more than 64,000,000 shares on issue, offering shareholders excellent
leverage to exploration success.

THE OFFER
AIP invites investors to apply for up to a total of 6,000,000 Units at an issue price of CAD$0.25
per Unit, with each Unit consisting of one share and one share purchase warrant with a two

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