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One World Lithium Announces First Tranche Closing and Extension of Non-Brokered Private Placement
VANCOUVER, BC – August 14, 2024 – TheNewswire – One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the “Company” or “OWL”) announces that further to its June 14,
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC – August 14, 2024 – TheNewswire – One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the “Company” or “OWL”) announces that further to its June 14, 2024, news release, it now has completed a first tranche (the “First Tranche”) of its non-brokered private placement (the “Offering”). Under the First Tranche, the Company has issued 9,231,835 Units for gross proceeds of $276,955. All securities issued are subject to a four (4) month and one day hold period, from the closing of the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The First Tranche comprises the initial portion of the Offering, which is hereby extended, under which OWL is offering up to 16,666,666 units at a price of $0.03 per unit for gross proceeds of $500,000. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one non-transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.06 for a period of 36 months from the closing of the Offering. All funds are stated in Canadian dollars. There is no minimum number of Units or minimum aggregate proceeds required to close the Offering. There is no material fact or material change of the Company that has not been generally disclosed. None of the securities issued in connection with the Offering will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. About One World Lithium One World Lithium Inc. remains focused on properties of merit that may contain lithium. The Company is also focused on commercial application of its separation technologies for natural brine and for slurries made from clay, pegmatite, volcanic rock and sediment. OWL intends to license or joint venture its technologies to current and future lithium carbonate producers. For more information, visit: https://oneworldlithium.com/. On behalf of the Board o...