Saturday, March 31, 2018

John Wisbey Is Pleased To Report: After Granting Himself Options And Convertible Debenture At 8.5 Cents He Can Become The Largest Shareholder Of International Lithium.



Please read our legal disclaimer. There is no tax, legal or investment advice on this blog. Authors are expressing only their personal opinions. Different authors can have different opinions. We have guest writers. We are using open source public information only. We have decided to use our Pen Name in order to protect our sources. We believe in Democracy and Free Speech. Please do not send us any insider information.





It will be very interesting what kind of questions ILC shareholders will be asking "the new management":


International Lithium Announces Convertible Debenture Private Placement


"Vancouver, B.C. March 29, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC) announces, further to its news release of March 23, 2018, that it will conduct a non-brokered private placement (the “Private Placement”) of a secured convertible debenture (the “Debenture”) in the principal amount of up to CAN $1,180,000 with John Wisbey, Chairman, CEO and a significant shareholder of the Company. The Debenture will mature on June 19, 2019 and bear interest at a rate of 15% per annum, payable quarterly.  The lender may convert at any time, all or a portion of the convertible loan principal into common shares of the Company at a price of CAN $0.085 per common share, being the closing trading price of ILC shares on March 28, 2018. Should Debenture conversion take place more than one year after closing, the conversion price will be CAN $0.10 per common share.
The Debenture will be secured by a general security agreement against the Company’s assets.
Mr. Wisbey currently owns or controls 2,261,000 common shares of the Company, representing 2.39% of the outstanding shares, and securities convertible or exercisable into 6,255,943 common shares.  If all these securities were converted or exercised (and if no others of the same class were converted or exercised) this would represent 8.45% on a diluted basis.  Should the CAN $1,180,000 Debenture and all other securities be converted, Mr. Wisbey would own 22,399,296 shares, representing 19.52% on a diluted basis,  calculated on the basis of  no other securities of the same class being converted. If the new convertible debenture were converted in full,  Mr. Wisbey would become the largest shareholder of the Company."




It looks like "the new management'" has to learn the business they are Taking Over first - before rushing more NRs or "printing cheap shares and options for themselves":



International Lithium Provides Corporate Update


Question 1 "In total, the Company needs to raise around CAN $5 million of finance in 2018 to meet its commitments to fund Mariana, Avalonia (???) and pay staff and suppliers."

Avalonia was fully funded by Ganfeng Lithium on January 11, 2018.

International Lithium Reports $1 million Budget for the Avalonia Lithium JV, Ireland

"January 11, 2018 The ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either incurring CDN$10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% GFL and 21% ILC."

Question 2 "This week the Company has drawn down around CAN $200,000 of short term financing from John Wisbey out of a total being made available by John Wisbey of CAN $1,180,000. The funds were used to pay and cure a Mariana cash call that was in default, pay an accounting fee to allow completion of the year-end financial statements so that they can be filed on time, and to pay certain other overdue creditors." 

How everything was done with just $200,000? Is Ganfeng suddenly in love with John Wisbey and ILC does not have to pay cash calls in full amounts on time?

Question 3 "The new management needs to address the level of risk that the Company has consequently been placed in, including meeting the need to pay staff and suppliers as well as meet the cash calls on Mariana and other projects."

All "other projects" were funded by JV Partners in January 2018?

International Lithium Announces Completion of Successful Drill Program at Mavis Lake Lithium Project

https://internationallithium.com/international-lithium-announces-completion-successful-drill-program-mavis-lake-lithium-project/

"February 19, 2018

About the Mavis Lake Lithium Project 
The Mavis Lake Project is situated 19 kilometres east of the town of Dryden, Ontario.  The Project is ideally situated in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
The current drill program is wholly funded by Pioneer as part of its earn-in on the Mavis Lake Project (see Company news release dated March 14, 2016).

The Mavis and Raleigh projects are under option to strategic partner Pioneer Resources Limited (ASX: PIO) pursuant to which Pioneer can acquire up to a 51% interest in the projects."

Update: Thank you, we have received more questions for "the new management" of ILC to answer:

More Questions:

4. What else "the new management" has forgotten to report and/or reported "what looks like "materially different" compared to the real statements of facts"? When the NRs are coming to clarify the continuous disclosure for ILC for shareholders? 

5. Has company granted any options at this "what looks like "artificially depressed" share price level"? Who has voted on it? Are they the same directors who are getting these options? Are they conflicted and interested parties? Has "new management" used this created opportunity to "what looks like can be maybe qualified" as "unlawful enrichment"?

6. Is company in default on any of its obligations?

7. Is company in a cross default on any of its obligations?

8. Who has voted and approved Change of Control at ILC?

9. Who has voted and approved this "financing" at such "what seems to be an "artificially depressed" share price level"? Are they the same people who are getting this Convertible Debenture? Are they conflicted and interested parties? Has "new management" used this created opportunity to "what looks like can be maybe qualified" as "unlawful enrichment"?

You can leave us your questions in comments to this post or send them directly.

More questions are coming ...

Cyber Hacking: Wars In Virtual Space - Cyberspace has certainly transformed the world.

Chinese Cyber Crime: China’s Hacking Underworld.

Monday, March 26, 2018

Security industry reacts to UK police cyber-crime budget revelations



SCMedia:

Security industry reacts to UK police cyber-crime budget revelations


As UK police forces are revealed to have spent just £1.3 million on cyber-crime training in the last three years, security industry response is damning.

"As UK police forces are revealed to have spent just £1.3m on cybercrime training in the last three years, security industry response is damning.
A freedom of information request enabled Parliament Street to determine that cyber-crime training expenditure by UK police forces is shamefully low. How low might that be? Well the 'Policing and Cybercrime' report revealed that in terms of cyber-crime training budgets the total spend across all forces that responded, including the British Transport Police and Ministry of Defence Police Service, was just £1,320,341 spread across the last three years..."


British data protection agency takes center stage in investigating Cambridge Analytica’s use of Facebook data



Politico:


"LONDON — When Elizabeth Denham became the U.K.’s privacy regulator in 2016, data protection was hardly the hot-button topic it is today.
Fast-forward 18 months, and the world has changed. Denham is now in the eye of a storm over allegations that roughly 50 million Facebook users had personal data harvested without their consent by a British-based researcher connected to Cambridge Analytica, a political research firm with ties to Donald Trump’s 2016 presidential campaign..."

Sunday, January 22, 2017

Lithium Drive: Electric Cars Video Round Up From 2017 Detroit Auto Show.


Tesla Gigafactory update.

‪China Moly to help BHR acquire stake in Congo's Tenke copper mine.

‪The end of the final chapter in the great book Tenke Mining written by Lukas Lundin:

Reuters:

China Moly to help BHR acquire stake in Congo's Tenke copper mine:

http://reut.rs/2jF2Km1 ‬

Monday, October 12, 2015

Volkswagen, DieselGate And What If Nazi Ruled The World?

  



  It is not about hard working brilliant engineers and workers at Volkswagen in Germany and all over the world. And it is a rhetorical question. You already live in that world. Let's start with the definition:

Nazi - a member of National Socialist German Workers' Party 

  The fat cats in the boardrooms have let us all down again. The key word here is Nationalism. It was not really about socialism or workers, it was about the control of masses and the grand idea. Idea was simple: that one nation can be better than others and, as we all know, it can take you quite a long way with the stretch of the evil imagination. We live in the world when some people have decided that they are better than others. We will not go as far as discussing Brothers and other "conspiracy theories" today, but let's just have a look at the corporate world. 
  It is all about Nationalism (Your Corporation), Control and Punishment if you are out of line. Living from cheque to cheque is not helping to built up your independence. This is why there is a War on the middle class in the West. Independent people are dangerous to the System by definition. Here comes Debt and slavery to the banks by generations only to pay off the ticket just to get on the ladder of the "American Dream". 
  All major corporate crimes can be committed only when the masses are silent being busy digesting fast food with video games and Facebook "friends". Or deeper: when corporate slavery affects you own perspective from the cubicle so much that you think that it is Not Evil any more.
  This is what happened at Volkswagen. This is what happening with Fracking and GMO. They all affect literally billions of people on our planet. It is a corporate mass murder sanctioned by the corrupt politicians. Now we know about Volkswagen and it is already growing into the DieselGate, when nobody of auto-makers really is in compliance with toxic emissions limits. The next is coming the AutoGate, when ALL cars are emitting deadly pollutions at much higher levels than we all have thought. 
  And we are not talking about the socialism in any cense here, it is just the problem that we do not have capitalism in the West as well. We are not against corporations, but the corrupted HFT version of the wild corporate capitalism now is pushing more and more young people to the nihilism and socialism is on the rise in the West again. Evil minds will get into power driving the desperation again. But we are out of politics and, thanks God, we have the solution now. 
  Let's stop talking and let's start walking. But walking to the Solution - not just ban all the cars, get in the communes again and read with a candle. No, we do not have to do it any more, despite of Fossil Fuel corporate propaganda. Finally technology has made it possible not only to preserve "our way of life", but make it better without sacrificing anything or, what is even more important, anyone.
  If somebody in Power does really want it, we have all technology and solutions available now. If somebody in Power was allowed by the Corporations who paid her ticket there - we have all the money to make it. Just take all costs of all Wars - yes, they all about Control of Energy and Oil means Energy to us even now. Add here all Trillions in tax breaks and subsidies provided to Fossil Fuel Industries. Nuclear will go here as well. Add all billions wasted on Hydrogen - it will be controlled by the same Old Big Oil, we will not even talk about the very low energy efficiency of full Energy cycle of Hydrogen To Wheel today. Add here all medical bills for cancer and other chemical pollution related deceases. It will be enough for a very good and fast start to the race into the post carbon world!
  Invest this money into Electric Cars, Solar and Wind. Put trucks on the natural Gas first and Hybrids later. Move to the real Energy Security with distributed Solar and Wind power generation. Close all coal plants and nuclear as well. Use the Sun: Solar and Wind power costs are dropping like a stones now, why do we have to live still in the stone age in cages provided by Big Oil and Fossils? It was supposed to be over - the stone age, and not due to the lack of stones, we have the technology to make it without burning fossil fuels now.
  Maybe now we have a chance, finally, with all our social media? Do not hold your breath thou. There is a Kill Switch. Once you start talking about the real things, censors are here: you are just getting lost - so far so good, it is only in the social media. And it is not in China or with Putin, it is here on Twitter …
 Snowden is trending with his latest revelations how "They" can take over your iPhone. "They" will take over everything if you allow it! And the last thought on social media: we have multiple choices now, but just check the quality and what kind of message do you get from all those multiple streams. It is great that you can chose, but than again GMO is claiming its victims …
  Why is it so long? Because the time has come. Other people will make the choice for you as usual. We are not talking here about poor asylum seekers or millions of refuges displaced by Wars for Oil. We are talking about you driving Range Rover to the school where your kids are breathing toxic cancerogenic air from thousands of other cars around them. Where is your rage, are you mad as hell for all of them lying to us? At least for your kids? No, don't take guns, do not vote for socialist or even do not stop to drive. Just bring change, demand it, talk about it, donate your RT! Vote with your wallet. When you can buy your electric car. Stop buying all that killing us rubbish. Just do not let "Them" decide for you again and raise 70% toxic emissions standards in order that auto-makers can comply with it!
  And it is not your choice any more, The big pain is coming. Lithium Technology is here to change our world. Elon Musk will not make it all alone. We have to push our society to accept this disruption and stop burning fossil fuels to produce our energy. We have to have our "Manhattan plan" to make it.
  China is rising and it has the military plan to build electric cars as strategic industry. It is great … for China, what about us? Do you know that Lithium Battery was developed in the West? It was commercialised by SONY in 80s and now South Korea is the leading manufacturer with Samsung and LG Chem. But China already controls 75% of Lithium Hydroxide which goes into Tesla batteries and they are moving very fast with their own Megafactories to rival Tesla with its Gigafactory to produce lithium batteries on the mass scale. The pain is coming, you can't stop it. Internal Combustion Engines (ICE) will be dying with Fossil Fuels. It is just law of nature. Electric Cars are better and they will become cheaper as well  very soon. We can make it as a pain of growth, but who will make it?  All these jobs for The Next Industrial rEVolution could be here, not just going again to China. Germany with its brilliant engineers can produce batteries and electric cars and it can happen in every country. But they all need your help to change, what have you done lately?






  

Distraction Escalation: Moscow Demands Britain Explain "Green Light To Shoot Down Russian Jets"

Moscow Demands Britain Explain "Green Light To Shoot Down Russian Jets"

Friday, August 21, 2015

Lithium Race: Auto Industry’s Ranks of Electric Car Battery Suppliers Narrow.

Lithium Race: Auto Industry’s Ranks of Electric Car Battery Suppliers Narrow.



  

European EV sales going through the roof, up 53% this year

European EV sales going through the roof, up 53% this year



Lithium Race: Aston Martin Plans Pure Electric Tesla Rival With 200-Mile Range.

Lithium Race: Aston Martin Plans Pure Electric Tesla Rival With 200-Mile Range.

  

Gold Surges Amid Asian Sea Of Red, China Strengthens Yuan By Most In 4 Months

Gold Surges Amid Asian Sea Of Red, China Strengthens Yuan By Most In 4 Months

Lithium Race In "War On Pollution": Investors Swarming Lithium Battery Market In China.



Lithium Race In "War On Pollution": Investors Swarming Lithium Battery Market In China.



July Was Warmest Month On Record NOAA Reports, Lists All "Signifiicant Climate Anomalies And Events"

July Was Warmest Month On Record NOAA Reports, Lists All "Signifiicant Climate Anomalies And Events"






We Can Change It With Electric Cars And Solar: 4,000 People In China Die Every Day From Air Pollution.

We Can Change It With Electric Cars And Solar: 4,000 People In China Die Every Day From Air Pollution.



China's "Judgment Day" Arrives - Malicious Sellers Slam Stocks Below Communist Floor

China's "Judgment Day" Arrives - Malicious Sellers Slam Stocks Below Communist Floor

Lithium Technology: Solid State Lithium-Ion Batteries On The Horizon

Lithium Technology: Solid State Lithium-Ion Batteries On The Horizon


Lithium Technology: Forgetful Scientists Accidentally Quadruple Lithium-ion Battery Lifespan.

Lithium Technology: Forgetful Scientists Accidentally Quadruple Lithium-ion Battery Lifespan. 

  

What Will It Take For The Fed To Panic And Bail Out The Market Once Again: BofA Explains

What Will It Take For The Fed To Panic And Bail Out The Market Once Again: BofA Explains

Monday, August 17, 2015

Welcome The First Trillion Market Cap Company: Documents Confirm Apple Is Building Electric iCar!

The Great "Clean Diesel" Car Deception Speeding Us To A Toxic Death.

Elon Musk: Tesla And SolarCity To Keep Earth Alive And SpaceX To Colonise Mars.

Electric Cars To The Rescue: Air Pollution Kills 4,000 People Every Day In China.

Billionaire Stanley Druckenmiller Loads Up On Gold, Makes It His Largest Position For First Time Ever

How It's Made: Travel Down The Tesla Model S Production Line.

Lithium Technology: The New Sound of Formula E.

Lithium Race: Audi Q6 Electric SUV To Offer More Than 500 Kilometres Of Range.

Hedgehog Trader: Junior Charts Are Looking Interesting! International Lithium $ILC.v

"Deal Or War": Is Doomed Dollar Really Behind Obama's Iran Warning?

Mass Market For EVs: Near-production Rendering Of 2017 Chevrolet Bolt EV.

Tony Seba: Clean Disruption - Learning From The Past And "Horse Manure Crisis".

Meet the Norwegian who just earned a free Tesla Model X

International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.

"The Art Of Currency War" And Putin's Gambit By China - The End Of "FREE Trade": Death By TTIP.

Energy Metals - Q2 Lithium Results: Full Steam Ahead, but Watch Where You Step.

Audi developing EV batteries with LG Chem, Samsung SDI

Boom: China SGE Gold Withdrawals An Enormous 1464 Tonnes So Far This Year.

Lithium Race: General Electric Bets Big On Battery Energy Storage Systems.

Goldman Weighs In On America's Pension Ponzi: Contributions Must Rise $100 Billion Per Year

This Has Never Happen Before: Gold Hedge Funds Aggregate Net Position Has Been Short For The First Time In History.

Lithium Race: Nissan Leaf With 500 km Range Will Bring Mass Market For Electric Cars.

Tesla increases new stock offering to $642 million

Lithium Race: World Is On Track For 1 Million Electric Cars Sales By September.

Mass Market For Electric Cars: 3M And LG Chem Sign NCM Patent Deal for 500 km Battery.

Apple wants to test something at SF automotive facility

Lithium Technology Powers Your iPhone, Tesla's Cars And NASA's Mars Rovers.

MS Boosts TSLA Price Target To $465, Days After Underwriting Stock Offering; Sees Tesla Bigger Than Ford And GM

Energy And Precious Metals Royalty Company: TNR Gold Holds 2015 Annual General Meeting.

Energy And Precious Metals Royalty Company: TNR Gold Holds 2015 Annual General Meeting.




  
  We are very fortunate to have the strong support for TNR Gold from its shareholders. We continue to realise our business plan and building Royalty Company holding Royalty and Stakes in Precious and Energy Metals. International Lithium development with Ganfeng Lithium is at the front line of our advance now.

TNR Gold main assets include:






  Sale of our assets in Los Azules copper project will provide TNR Gold with capital to advance our other projects. International Lithium is developing its J/V projects with Ganfeng Lithium - one of the top world leaders in Lithium materials production from China.

TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.

  


  There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining. I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
  Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
  TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.


  "Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."



TNR Gold:

TNR GOLD HOLDS 2015 ANNUAL GENERAL MEETING

"August 7, 2015            
TNR GOLD HOLDS 2015 ANNUAL GENERAL MEETING
Vancouver B.C.:  TNR Gold Corp. (“TNR” or the “Company”) held its Annual General Meeting on August 6, 2015 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. Paul Chung and Mr. Greg Johnson.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was appointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Jerry Bella was reappointed Secretary and Chief Financial Officer, Mr. John Harrop was reappointed Vice President of Exploration and Mr. Anthony Kovacs was appointed Chief Operating Officer. 
ABOUT TNR GOLD CORP. 
Over the past twenty-five years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe.  With the Company’s expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
In 2014 TNR Gold converted a back-in right on a portion of the Los Azules copper deposit in Argentina, owned by McEwen Mining, into a 0.4% NSR on the entire Los Azules deposit (see news release dated 17 October 2014).
In 2013 TNR Gold reported an inferred mineral resource at the Shotgun Gold project in Alaska containing 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off (see news release dated 22 April 2013).
In 2011 TNR listed subsidiary, International Lithium Corp. (TSX:ILC.V), which demonstrates the successful application of TNR’s business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects.  TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR’s commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value
On behalf of the board,
Gary Schellenberg
President"

Thursday, August 13, 2015

Fighting The Greatest Challenge To Our Future: President Obama Announces The Clean Power Plan.

Fighting The Greatest Challenge To Our Future: President Obama Announces The Clean Power Plan.



  There is a solution to this greatest challenge to our future - climate change. Now we have the technology to address this problem. Solar Power and Electric Cars can drive us into the sustainable future.






  Lithium technology allows us to store energy, make solar and wind power work in our houses 24/7 and being integrated with the grid, it can power our electric cars. Lithium is at the heart of this industrial rEVolution.