23:36:02 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



One World Lithium Inc
Symbol OWLI
Shares Issued 83,236,548
Close 2019-04-10 C$ 0.18
Market Cap C$ 14,982,579
Recent Sedar Documents

One World closes $525,675 2nd tranche of financing

2019-04-11 10:49 ET - News Release

Mr. Douglas Fulcher reports

ONE WORLD LITHIUM ANNOUNCES SECOND TRANCH CLOSING OF PRIVATE PLACEMENT

One World Lithium Inc. has closed a second tranche of its non-brokered private placement as previously announced on June 29, 2018. The company has raised $525,675 through the issuance of 3,504,497 units at a price of 15 cents per unit. Including the proceeds from the first tranche, the company has raised $1,774,550 under the offering, leaving $225,450 of the offering yet to close.

Each unit consists of one common share of the company and one-half of a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 20 cents 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 financing the Salar del Diablo lithium property drilling program and working capital.

About One World Lithium Inc.

One World Lithium is an exploration company focused on lithium in brine projects. It has currently earned a 60-per-cent property interest, with an option to acquire a further 30-per-cent property interest, for a total of a 90-per-cent working interest, in the 75,400-hectare/290-square-mile Salar del Diablo lithium brine project located in the state of California Baja Norte, Mexico.

We seek Safe Harbor.

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