(TheNewswire)
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Vancouver, BC – TheNewswire - June 14, 2024 - One World Lithium Inc. (OTCQB-OWRDF)(CSE-OWLI) (the “Company” or “ OWL”) announcesthat the Company has reprised and reduced its non-brokered privateplacement from a price of $0.05 per Unit last announced on February 6,2024 to a non-brokered private placement of up to 16,666,666 units ata price of $0.03 per unit for gross proceeds of up to $500,000 thatmay be closed in one or more tranches. To date the Company has raised$212,840.
Each Unit will consist of one common share of theCompany (each, a “ CommonShare ”) and one non-transferable Common Sharepurchase warrant (each, a “ Warrant ”). Each Warrant will entitle theholder thereof to purchase one Common Share at a price of $0.06 for aperiod of 36 months from the closing of the Offering. All funds are stated in Canadian dollars.
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium in brine. The Company is also focusedon commercial application of its Direct Lithium Extraction Technology.OWL intends to license or joint venture its technology to current andfuture lithium carbonate 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 604-644-4359.
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) OWL’s abilityto raise any additional funds from its Offering, (II) the ability ofthe OWL to further its R&D, to change the lithium extractionindustry, and (III) OWL’s abilities to commercialize its DirectLithium Extraction (“DLE”) technology. Although 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 noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from the thoseanticipated in such statements, important factors that could causeactual results to differ materially from the company’s expectationsinclude: (I) inability of OWL to commercialize its DLE technology (II)OWL’s inability to execute its business plan and raise any requiredfinancing, (III) risks andmarket fluctuations common to the mining industry and lithium sectorin particular, and (IV) advancements in other new separationtechnologies. The reader iscautioned that assumptions used in the preparation of anyforward-looking information may prove to be incorrect. Events orcircumstances may cause actual results to differ materially from thosepredicted, as a result of numerous known and unknown risks,uncertainties, and other factors, some of which are beyond the controlof the OWL. The reader is cautioned not to place undue reliance on anyforward-looking information contained in this press release.
Neither theCanadian Securities Exchange nor its Market Regulator (as that term isdefined in the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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