Canada Lithium Announces Completion of US$15.85 Million Convertible Debenture Private Placement

Canada Lithium Announces Completion of US$15.85 Million Convertible Debenture 
Private Placement 
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TSX: CLQ; U.S. OTC: CLQMF 
TORONTO, July 4, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium" or 
the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) today announced that it has 
entered into an agreement with certain credit funds affiliated with Apollo 
Global Management, LLC, to purchase, on a private placement basis, 15,850 
convertible unsecured subordinated debentures of the Company (the 
"Debentures") which were issued at par at a price of US$1,000 per Debenture 
for gross proceeds to the Company of US$15,850,000 (the "Offering"). The 
Company intends to use the net proceeds from the Offering for working capital 
and general corporate purposes. The Offering was completed concurrently with 
the entering into of the purchase agreement. In connection with the Offering, 
the Company paid to the purchasers of Debentures an arrangement fee in the 
aggregate amount of US$850,000. 
The Debentures will mature on July 31, 2018 (the "Maturity Date") and pay a 
coupon of 11.0% per annum from the closing date (as defined below, the 
"Closing Date"), payable semi-annually in arrears on the last day of June and 
December of each year commencing on December 31, 2013. The first interest 
payment will be made on December 31, 2013 and will consist of interest accrued 
from and including the Closing Date to December 31, 2013. Subject to specified 
conditions, the Company may elect, from time to time, subject to applicable 
regulatory approval, to satisfy its obligation to pay interest on the 
Debentures, on the date it is payable (i) in cash; (ii) by delivering 
sufficient common shares ("Common Shares") of the Company to a designee of a 
holder of Debentures, for sale, to satisfy the interest obligations in 
accordance with the debenture purchase agreement in which event holders of the 
Debentures will be entitled to receive a cash payment equal to the interest 
payable from the proceeds of the sale of such Common Shares; or (iii) any 
combination of (i) and (ii) above. 
The Debentures are convertible at the holder's option into Common Shares of 
the Company at any time prior to the close of business on the earlier of the 
Maturity Date and the business day immediately preceding the date fixed for 
redemption of the Debentures. The Debentures convert at a conversion price of 
$0.72 per Common Share (the "Conversion Price"), being a ratio of 1,388.89 
Common Shares per $1,000 principal amount of Debentures, subject to adjustment 
in certain events including dividend protection for the declaration of 
dividends. Holders converting their Debentures will receive accrued and unpaid 
interest thereon, up to, but excluding, the date of conversion. The conversion 
rate may be adjusted upon the occurrence of certain events, pursuant to 
standard anti-dilution provisions set out in the debenture purchase agreement 
governing the Debentures. 
The Debentures are not redeemable before June 30, 2016 (the "First Call 
Date"). On and after the First Call Date and prior to the Maturity Date, the 
Company may, at its option, at any time and from time to time, subject to 
providing not more than 60 and not less than 30 days' prior notice, redeem the 
Debentures, in whole or in part, at par plus accrued and unpaid interest 
provided that the weighted average closing price of the Common Shares on the 
Toronto Stock Exchange during the 20 consecutive trading days ending five 
trading days preceding the date on which the notice of redemption is given is 
not less than 130% of the Conversion Price. 
The Debentures rank subordinate in right of payment of principal and interest 
to all senior obligations of the Issuer. 
Subject only to the customary post-closing listing conditions imposed by the 
Toronto Stock Exchange (TSX), 33,858,502 Common Shares issuable upon 
conversion, redemption or maturity of the Debentures, upon the occurrence of a 
change of control or as payment of interest, have been conditionally approved 
for listing on the TSX. 
All securities issued in connection with the Offering are subject to a four 
(4) months plus one (1) day hold period from the Closing Date, pursuant to 
Canadian securities laws. 
This news release does not constitute an offer of securities for sale or the 
solicitation of an offer to buy the securities in Canada, the United States or 
any other jurisdiction. The Offering is being conducted on a private placement 
basis pursuant to exemptions from the registration and prospectus requirements 
of applicable securities laws in the United States and in one or more 
provinces of Canada. The securities being offered have not been, nor will they 
be, registered under the Unites States Securities Act of 1933, as amended, and 
such securities may not be offered or sold within the United States absent 
U.S. registration or an applicable exemption from U.S. registration 
requirements and in compliance with applicable state securities laws. The 
securities mentioned herein have not been and will not be qualified by 
prospectus for sale to the public under applicable Canadian securities laws. 
The securities mentioned herein are subject to transfer and selling 
restrictions in certain jurisdictions, including the United States and Canada. 
About Canada Lithium Corp. 
The Company holds a 100% interest in the Québec Lithium Project near Val 
d'Or, the geographical heart of the Québec mining industry. It has completed 
construction and is in the commissioning phase of an open-pit mine and on-site 
processing plant with estimated capacity to produce approximately 20,000 
tonnes of battery-grade lithium carbonate annually. The Company recently 
announced it has produced a first run of 99.1% lithium carbonate from its 
processing plant. The material is anticipated to be upgraded to 99.5% 
battery-grade material. A five-year off-take agreement for a minimum of 12,000 
tonnes per year was recently signed with Tewoo-ERDC, one of China's largest 
commodities traders. A second off-take for up to 5,000 tonnes per year was 
recently signed with Marubeni Corp., a major Japanese commodities trading 
company. Lithium carbonate is used in lithium-ion batteries that power 
consumer electronics (laptops, tablets, etc.), power-grid storage facilities 
and electric and hybrid vehicles. For more information regarding the Company, 
please refer to the Company's public filings available at www.sedar.com and 
www.canadalithium.com including, in particular, the Company's Management 
Discussion and Analysis for the year ended December 31, 2012, and its Annual 
Information Form for the year ended December 31, 2012 and the Financials and 
MD&A for the three-month period ended March 31, 2013. The Company trades under 
the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF. 
Cautionary Statement Regarding Forward-Looking Information 
This press release contains "forward-looking information" within the meaning 
of Canadian securities legislation. Forward-looking information is based upon 
the Company's beliefs, estimates and opinions as at the date of this press 
release, which the Company believes are reasonable, but no assurance can be 
given that these will prove to be correct. Furthermore, the Company undertakes 
no obligation to update or revise forward-looking information contained herein 
if these beliefs, estimates and opinions or other circumstances should change, 
except as otherwise required by applicable law. 
Forward-looking information relates to future events or to future conditions, 
performance or results of operations and reflects current expectations or 
beliefs regarding such matters including, but not limited to, information or 
statements with respect to the use of proceeds, in addition to: (i) the amount 
of mineral resources; (ii) exploration, development and production activities, 
including information regarding the potential mineralization and resources; 
(iii) the amount of future output over any period; (iv) net present value and 
internal rates of return of the mining operation; (v) assumptions relating to 
capital costs, operating costs and other cost metrics; (vi) assumptions 
relating to gross revenues, operating cash flow and other revenue metrics; 
(vii) assumptions relating to future price and demand for lithium and other 
macroeconomic metrics; (viii) exploration and development plans, including 
anticipated costs and timing thereof, time frames for completion, and 
anticipated time to production; (ix) mine potential and expected mine life; 
and * sources of and anticipated financing requirements. 
All information other than matters of historical fact may be forward-looking 
information. In some cases, forward-looking information can be identified by 
the use of words such as "seek", "expect", "anticipate", "budget", "plan", 
"project", "estimate", "assume", "continue", "forecast", "intend", "believe", 
"predict", "potential", "target", "strategy", "goal", "may", "could", "would", 
"might", or "will" and similar words or phrases (including negative 
variations) suggesting future outcomes or statements regarding an outlook. 
Forward-looking information is based upon certain assumptions by the Company 
or its consultants and other important factors that, if untrue, could cause 
the actual results, performances or achievements of the Company to be 
materially different from future results, performances or achievements 
expressed or implied by such information. Such information is based on 
numerous assumptions regarding present and future business strategies and the 
environment in which the Company will operate in the future, including the 
price of lithium, anticipated costs and ability to achieve goals. Certain 
important factors that could cause actual results, performances or 
achievements to differ materially from those in the forward-looking 
information include, but are not limited to: (i) required capital investment 
and estimated workforce requirements; (ii) estimates of net present value and 
internal rates of return; (iii) future demand and market prices for lithium; 
(iv) receipt of regulatory approvals on acceptable terms within commonly 
experienced time frames; (v) anticipated timelines for the commencement of 
production; (vi) anticipated timelines for community consultations and the 
impact of those consultations on the regulatory approval process; and (vii) 
future exploration plans and objectives. 
By its nature, forward-looking information involves known and unknown risks, 
uncertainties and other factors which may cause actual results, performance or 
achievements, or industry results, to differ materially from those expressed 
or implied by such forward-looking information. Some of the risks and other 
factors that could cause actual results to differ materially from those 
expressed in the forward-looking information contained in this press release 
include, but are not limited to, risks and uncertainties relating to: (i) the 
interpretation of drill results, the geology, grade and continuity of mineral 
deposits and conclusions of economic evaluations; (ii) results of feasibility 
studies, and the possibility that future exploration, development or mining 
results will not be consistent with the Company's expectations, (iii) the 
outcome of litigation in which the Company is or may in the future become 
involved; (iv) risks relating to possible variations in reserves, grade, 
planned mining dilution and ore loss, or recovery rates and changes in project 
parameters as plans continue to be refined; (v) mining and development risks, 
including risks related to accidents, equipment breakdowns, labor disputes 
(including work stoppages and strikes) or other unanticipated difficulties 
with or interruptions in exploration and development; (vi) risks related to 
the inherent uncertainty of production and cost estimates and the potential 
for unexpected costs and expenses; (vii) risks related to future commodity 
demand and price and foreign exchange rate fluctuations; (viii) the 
uncertainty of profitability based upon the cyclical nature of the industry in 
which the Company operates; (ix) risks related to failure to obtain adequate 
financing on a timely basis and on acceptable terms or delays in obtaining 
governmental approvals or in the completion of development or construction 
activities; * risks related to environmental regulation and liability; (xi) 
political and regulatory risks associated with mining and exploration; (xii) 
risks related to the uncertain global economic environment; and (xiii) other 
risks and uncertainties related to the Company's prospects, properties and 
business strategy. Although the Company has attempted to identify important 
factors that could cause actual results or events to differ materially from 
those described in the forward-looking information, investors and others are 
cautioned that this list is not exhaustive and there may be other factors that 
the Company has not identified. Readers are cautioned not to place undue 
reliance on forward-looking information contained in this press release. All 
forward-looking information contained in this press release or incorporated by 
reference herein is expressly qualified by this cautionary note. For more 
information on the risks, uncertainties and assumptions that could cause the 
Company's actual results to differ from current expectations, please refer to 
the Company's public filings available at www.sedar.com and 
www.canadalithium.com including, in particular, the "Risks and Uncertainties" 
section of the Company's Management Discussion and Analysis and the "Risk 
Factors" section of the Company's Annual Information Form for the year ended 
December 31, 2012. 
Peter Secker, CEO and Deputy Chairman (416) 361-2821 
Olav Svela, Director, Investor Relations (416) 361-2821 or (416)  479-4355 or 
emailosvela@canadalithium.com 
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020  or 
emailcstewart@renmarkfinancial.com 
Please visit the Canada Lithium website atwww.canadalithium.com or copy the 
following link into your Web browser to view our Photo  
Gallery:http://www.canadalithium.com/s/PhotoGallery.asp. You can also follow 
us on Facebook and Twitter. 
Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4 
SOURCE: Canada Lithium Corp. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/July2013/04/c5233.html 
CO: Canada Lithium Corp.
ST: Ontario
NI: MNG FIN NEWSTK PVT  
-0- Jul/04/2013 11:00 GMT
 
 
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