Canada Lithium Completes $14.4-Million Bought Deal Public Offering

Canada Lithium Completes $14.4-Million Bought Deal Public Offering 
TORONTO, Nov. 13, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium" 
or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) announced today that it had 
closed its previously announced bought deal public offering for aggregate 
gross proceeds of approximately $14.4 million (the "Offering"). A total of 
5,991,500 flow-through shares ("FT Shares") and 28,750,000 units ("Units") 
(including 781,500 FT Shares and 3,750,000 Units issued pursuant to the 
exercise in full of the over-allotment option) were issued at a price of $0.48 
per FT Share and $0.40 per Unit. The Offering was underwritten by Dundee 
Securities Ltd. Each Unit consisted of one common share of the Company and 
one-half of one common share purchase warrant (each whole warrant, a 
"Warrant"). Each Warrant is exercisable for a period of three years following 
the closing of the Offering at an exercise price of $0.50. 
The Company intends (i) to use the gross proceeds of the offering of FT Shares 
to incur Canadian exploration expenses (within the meaning of the Income Tax 
Act (Canada)), which amount will be incurred up to and until December 31, 
2013, and (ii) to use the net proceeds of the offering of Units for working 
capital and general corporate purposes to complete the commissioning phase of 
the processing plant. 
The securities offered have not been, and will not be, registered under the 
U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any 
U.S. state securities laws, and may not be offered or sold in the United 
States or to, or for the account or benefit of, United States persons absent 
registration or any applicable exemption from the registration requirements of 
the U.S. Securities Act and applicable U.S. state securities laws. This press 
release shall not constitute an offer to sell or the solicitation of an offer 
to buy securities in the United States, nor shall there be any sale of these 
securities in any jurisdiction in which such offer, solicitation or sale would 
be unlawful. 
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. Metallurgical tests have 
produced battery-grade lithium carbonate samples. A five-year off-take 
agreement for a minimum of 12,000 tonnes per year has been signed with 
Tewoo-ERDC, one of China's larger commodities traders. A second off-take for 
up to 5,000 tonnes per year has been 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 and including, in particular, the 
Company's Management's Discussion and Analysis for the year ended December 31, 
2012 and its Annual Information Form for the year ended December 31, 2012 and 
the Management's Discussion and Analysis for the three-month and six-month 
periods ended June 30, 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 the following: 
(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: 
assumptions regarding the going concern of the Company, the Company's ability 
to continue to satisfy its interest payment obligations under its outstanding 
convertible debentures, the ability of the Company to comply with its 
financial ratio covenants in its debt facility and to better align its debt 
facility repayment obligations with its revised project schedules, successful 
and timely commissioning, ramp-up and production at the Québec Lithium 
Project in accordance with the project's revised schedules, the lack of any 
further significant capital expenditures during the commissioning stage or to 
bring the hydrometallurgical process plant into production, timely lithium 
carbonate delivery of acceptable quality to the Company's off-take partners in 
accordance with the off-take agreements, the continuing support and 
cooperation of the Company's off take partners, and the achievement of 
breakeven cash flow as projected, in addition to the following: (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 and including, in particular, the "Risks and Uncertainties" 
section of the Company's Management's Discussion and Analysis and the "Risk 
Factors" section of the Company's Annual Information Form for the year ended 
December 31, 2012 .

SOURCE  Canada Lithium Corp. 
Peter Secker, CEO and Deputy Chairman (416) 361-2821 
Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 
Laurence A. Lachance, Renmark Financial Communications Inc. (416) 
Please visit the Canada Lithium website 
You can also follow us on Facebook and Twitter. Corporate Office: 401 Bay 
Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4 
To view this news release in HTML formatting, please use the following URL: 
CO: Canada Lithium Corp.
ST: Ontario
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