Business
One World Lithium Announces First Tranche Closing Of Private Placement
VANCOUVER, BC - TheNewswire - JULY 8, 2019 - One World Lithium Inc. (OTCQB:OWRDF) (CNSX:OWLI) (the "Company") ("OWL") announces that it has closed a portion of
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC - TheNewswire - JULY 8, 2019 - One World Lithium Inc. (OTCQB:OWRDF) (CNSX:OWLI) (the \"Company\") (\"OWL\") announces that it has closed a portion of its private placement which was previously announced on June 7, 2019. The Company raised $ 734,586 CDN to date through the issuance of 3,672,930 units at a price of $0.20 per unit under the offering leaving $ 1,265,414 of the offering yet to close. Each unit consists of one common share of the Company (a \"Common Share\") and one-half of a non-transferable Common Share Purchase Warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.25 for a period of 24 months from the closing of the offering. All securities are subject to a four month and one day hold from the closing date. Use of Proceeds The net proceeds will be used primarily for funding the Salar del Diablo Lithium Property exploration programs and working capital. About One World Lithium Inc. One World Lithium Inc is an exploration company focused on lithium in brine projects. It currently has earned a 60% property interest with an option to acquire a further 30% property interest for a total of a 90% property interest in the 103,430 hectares (399 square mile) Salar del Diablo lithium brine project located in the State of California Baja, Mexico. On behalf of the Board of Directors of One World Lithium Inc., \"Douglas Fulcher\" Douglas Fulcher, President and CEO For further information please visit www.oneworldlithium.com or email [email protected] or call 1-888-280-8128 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 the intention of OWL to proceed with the advancement of the Property. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. Forward looking statements contained in this press release are made as of the date of this press release. OWL disclaims any intent or obligation to update publically any ...