Mr. Douglas Fulcher reports
ONE WORLD LITHIUM ANNOUNCES STOCK OPTION GRANT AND DEBT SETTLEMENTS
One World Lithium Inc. has granted incentive stock options to certain of its directors, officers, management and consultants to purchase up to an aggregate of 2.45 million common shares of the company. The options are fully vested and exercisable on or before March 1, 2021, at a price of
cents per share, being the closing price of the company's common shares on the Canadian Securities Exchange on Feb. 28, 2019, the last trading prior to the date of grant. All options were granted in accordance with the company's stock option plan.
The company also announces it has agreed to settle a portion of debt owing to certain creditors through a debt settlement at a deemed price of 19 cents by the issuance of 203,231 common shares of the company. The shares will be subject to a four-month-and-one day hold from trading from the closing date.
About One World Lithium Inc.
One World Lithium is an exploration company, focused on exploring and developing lithium projects of merit. It currently has earned a 60-per-cent working interest in the 75,400-hectare (or 754 square kilometres, which is 290 square miles) Salar Del Diablo property, located in Baja California Notre, Mexico, with the right to earn an additional 30-per-cent working interest.
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