Mr. Douglas Fulcher reports
ONE WORLD LITHIUM INC. ANNOUNCES APPLICATION FOR A MANAGEMENT CEASE TRADE ORDER
One World Lithium Inc. will be unable to file its annual financial statements and management's discussion and analysis for the year ended Dec. 31, 2017, together with the related certifications, on or before the prescribed filing deadline of April 30, 2018, as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, respectively. The company has filed an application with the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission requesting that they issue a management cease trade order against the company's executives instead of a cease trade order against the company and all of its securityholders.
The company is working with its auditors to complete the audit of its financial statements for the year ended Dec. 31, 2017, and anticipates that it will be in a position to file its annual financial statements and managements' discussion and analysis, together with the related certifications, before May 18, 2018. The company confirms that it will comply with the alternative information guidelines included in National Policy 12-203, Management Cease Trade Orders, for so long as it remains in default of a specified requirement.
About One World Lithium Inc.
One World is an exploration company with its primary focus on exploring and developing lithium projects of merit. It has an option to acquire up to a 90-per-cent working interest in the 75,400 hectares (290 square miles or 754 square kilometres) covering a salar located in Baja California in Mexico.
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