EX-5.1 4 exhibit5-1.htm OPINION AND CONSENT OF CLARK WILSON LLP Pan American Lithium Corp.: Exhibit 5.1 - Filed by newsfilecorp.com
 
Derek J. Mullan, Q.C. R. Stuart Wells M. Douglas Howard W.W. Lyall D. Knott, Q.C.
William A. Ruskin Patrick A. Williams Alexander Petrenko Bernard Pinsky
Roy A. Nieuwenburg William C. Helgason William D. Holder Nigel P. Kent
Douglas W. Lahay David W. Kington Diane M. Bell Anne L.B. Kober
R. Brock Johnston Neil P. Melliship Kenneth K.C. Ing Darren T. Donnelly
Mark S. Weintraub Kevin J. MacDonald Don C. Sihota R. Barry Fraser
James A. Speakman Ethan P. Minsky Brock H. Smith Nicole M. Byres
Peter Kenward D. Lawrence Munn John C. Fiddick R. Glen Boswall
Virgil Z. Hlus Stewart L. Muglich Samantha Ip Jonathan L.S. Hodes
Mark J. Longo Aaron B. Singer L.K. Larry Yen Amy A. Mortimore
Jane Glanville Brent C. Clark Conrad Y. Nest Richard T. Weiland
December 1, 2010

BY EMAIL

Pan American Lithium Corp.
Suite 110, 3040 N. Campbell Avenue
Tucson AZ 85719
Cam McTavish Allyson L. Baker Warren G. Brazier Veronica P. Franco
Krista Prockiw Jeffrey F. Vicq C. Michelle Tribe James T. Bryce
Valerie S. Dixon Satinder K. Sidhu Tasha L. Coulter Vikram Dhir
Adam M. Dlin Oliver C. Hanson Rina J. Jaswal Sarah W. Jones
Anna D. Sekunova Jun Ho Song Michal Jaworski Shauna K.H. Towriss
Kyle M. Wilson Jennifer R. Loeb Heather M. Hettiarachchi Eric T. Pau
Pratibha Sharma Angela M. Blake Seva Batkin David A. Hunter
Victor S. Dudas Craig V. Rollins Rong (Lauren) Liang Rachelle J. Mezzarobba
 
Of Counsel:               James M. Halley Q.C.
Associate Counsel:    Michael J. Roman

Attention: Andrew Brodkey

Dear Mr. Brodkey:

  Re: Pan American Lithium Corp. – Registration Statement on Form F-1/A

     We have acted as counsel to Pan American Lithium Corp. (the “Company”), a British Columbia corporation, in connection with the preparation of a registration statement on Form F-1/A (the “Registration Statement”) to be filed with the United States Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, of up to 3,338,400 shares of the Company’s common stock (each, a “Common Share”) for resale by the selling stockholders named in the Registration Statement. As further described in the Registration Statement, the Company is registering for resale 2,913,400 Common Shares (the “Registered Shares”) and an additional 425,000 Common Shares (the “Registered Option Shares”) which may be issued by the Company upon the due exercise of certain outstanding stock options (the “Stock Options”).

In connection with this opinion, we have reviewed:

  (a)

Articles of the Company, as amended;

     
  (b)

Notice of Articles of the Company;

     
  (c)

Resolutions adopted by the board of directors of the Company pertaining to the Registered Shares, the Stock Options and the Registered Option Shares;

     
  (d)

Stock option agreements pertaining to the 425,000 Stock Options dated January 15, 2010, April 21, 2010 and May 26, 2010 (the “Stock Option Agreements”);

     
  (e)

The Registration Statement;


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  (f)

The Prospectus (the “Prospectus”) constituting a part of the Registration Statement; and

     
  (g)

such other corporate documents, records, papers and certificates as we have deemed necessary for the purposes of the opinions expressed herein.

     We have assumed that all signatures on all documents examined by us are genuine, that all documents submitted to us as originals are authentic and that all documents submitted to us as copies or as facsimiles of copies or originals, conform with the originals, which assumptions we have not independently verified. As to all questions of fact material to this opinion which have not been independently established, we have relied upon the statements or certificates of officers or representatives of the Company.

     Based upon the foregoing and the examination of such legal authorities as we have deemed relevant, and subject to the qualifications and further assumptions set forth above and below, we are of the opinion that:

  1.

the Registered Shares are duly and validly authorized and issued, fully paid and non-assessable; and

     
  2.

the Registered Option Shares will be duly and validly authorized and issued, fully paid and non-assessable upon the due exercise of the Stock Options in accordance with the terms of the Stock Option Agreements.

      This opinion letter is opining upon and is limited to the current federal laws of the United States, the laws of the Province of British Columbia and the laws of Canada applicable therein, including the statutory provisions, and reported judicial decisions interpreting those laws, as such laws presently exist and to the facts as they presently exist. We express no opinion with respect to the effect or applicability of the laws of any other jurisdiction. We assume no obligation to revise or supplement this opinion letter should the laws be changed after the effective date of the Registration Statement by legislative action, judicial decision or otherwise.

     We hereby consent to the filing of this opinion as an exhibit to the Registration Statement, to the discussion of this opinion in the Prospectus, and to our being named in the Registration Statement.

Yours truly,

/s/ Clark Wilson LLP

cc: United States Securities and Exchange Commission