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One World Lithium Announces Closing of Oversubscribed Non-Brokered Private Placement
VANCOUVER, BC – TheNewswire - December 22, 2022 - One World Lithium Inc. (CSE:OWLI) (OTC:OWRDF) (the “Company”) (“OWL”) is pleased to announce it has closed its
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - December 22, 2022 - One World Lithium Inc. (CSE:OWLI) (OTC:OWRDF) (the “Company”) (“OWL”) is pleased to announce it has closed its previously announced non-brokered private placement of up to 12,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $600,000. (the “Offering”). On closing the Company issued 14,581,220 Units for gross proceeds of $729,061. The Offering was oversubscribed by 22%. Each Unit consists of one common share of the Company (a “Common Share”) and one full non-transferable Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.08 for a period of 36 months from the closing of the Offering. All securities are subject to a four month and one day hold from the closing date. The net proceeds of the Offering will be used primarily for on going lab testing of the Company’s Critical Fluid Separation Technology, continued property expansion and the balance for working capital. About One World Lithium Inc. One World Lithium Inc. remains focused on properties of merit that may contain lithium carbonate in a brine. The Company is also focused on commercial application of the DOE’s separation technology. OWL intends to license or joint venture its technology to current and future lithium carbonate producers. For more information, visit: https://oneworldlithium.com/. On behalf of the Board of Directors of One World Lithium Inc., “Douglas Fulcher” President and Chief Executive Officer For further information please visit www.oneworldlithium.com or email [email protected] or call 1-604-564-2017 Extension-3. Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to: the OWL’s ability to close the Offering and, in connection therewith, receive the necessary, corporate, shareholder, or regulatory approvals, as applicable; the availability of certain prospectus exemptions to potential investors as stated herein; and the intention of OWL to proceed with...