OWRDF - One World Lithium Inc. Announces Term Loan Offering
(TheNewswire)
VANCOUVER, BC – April 4, 2025 – TheNewswire - One World Lithium Inc. (CSE-OWLI)(OTCQB-OWRDF) (the “Company” or “OWL”) today announces a Term Loan Offering(the “Loan” ) of up to $500,000. The Loan will beunsecured and will bear interest of 8% per annum. The term of the Loan will be twelve (12) months from theclosing of the Loan or five (5) business days following a writtennotice of the Company that the Company has raised a minimum of onemillion dollars through an equity or debt financing.
As an inducement for the Loan the Company will issuecommon shares of the Company to each Lender (an aggregate of 3,333,333common shares) (the “ LoanBonus Shares ”) or share purchase warrants toeach Lender (an aggregate of 16,666,667 share purchase warrants) (the“ Loan BonusWarrants ”) or a combination of 50% of the LoanBonus Shares and 50% of the Loan Bonus Warrants. Each share purchasewarrant will entitle the holder to purchase one common share of theCompany at an exercise price of C$0.05 for a period of twenty-four(24) months from the closing of the Loan.
There is no minimum aggregate amount to close the Loanand the Company may, at its discretion, elect to close the Loan in oneor more closings. Management anticipates that the Company willallocate the net proceeds from the Loan towards further research anddevelopment of the Company’s Direct Lithium Carbonation Extraction(“ DLCE ”) Technology and working capital.
The Company may pay a finder’s fee in connection withthe Loan. Closing of the Loan is subject to a number of conditions,including receipt of all necessary corporate and regulatory approvals.All securities issued in connection with the Loan will be subject to astatutory hold period of four months plus a day from the closing ofthe Loan in accordance with applicable securities legislation.
None of the securities issued in connection with theLoan will be registered under the United States Securities Act of1933, as amended (the “ 1933Act ”), and none of them may be offered or soldin the United States absent registration or an applicable exemptionfrom the registration requirements of the 1933 Act. This news releaseshall not constitute an offer to sell or a solicitation of an offer tobuy nor shall there by any sale of the securities in any state wheresuch offer, solicitation, or sale would be unlawful.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium. The Company is also focused on thecommercial application of its Direct Lithium Carbonation ExtractionTechnology for natural brine and for slurries made from clay,pegmatite, volcanic rock and sediment. The Company intends to licenseor joint venture its technologies to current and future lithiumcarbonate producers. For more information, visit: https://oneworldlithium.com/ .
On behalf of the Board of Directors of One WorldLithium Inc.,
“DouglasFulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com
or call 604-564-2017
Forward-Looking Information: Thispress release may include forward looking information within themeaning of Canadian securities legislation. Forward lookinginformation is based on certain key expectations and assumptions madeby the management of the OWL, including, but not limited to: (I) theability for OWL to raise any funding from the Loan, (II) the abilityof OWL to further develop the Company’s DLCE Technology, and (II) OWL’s ability to commercialize its DLCE Technology.A lthough OWL believes thatthe expectations and assumptions on which such forward lookinginformation is based are reasonable, undue reliance should not beplaced on the forward-looking information because OWL can give noassurance that they will prove to be correct. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company’s expectations include: (I)) the inability of OWL to commercialize itsDLCE Technology (II) OWL’s inability to execute its business planand raise any required financing, (III) risks and market fluctuations common to the mining industry and the lithium sector in particular, and (IV) advancements in other new direct lithiumextraction technologies. The reader is cautioned that assumptions usedin the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, some of which arebeyond the control of the OWL. The reader is cautioned not to placeundue reliance on any forward-looking information contained in thispress release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian SecuritiesExchange) accepts responsibility for the adequacy or accuracy of thisrelease
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