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Vancouver, BC – TheNewswire - February 6, 2024 - One World Lithium Inc. (OTC:OWRDF)(CSE:OWLI) (the “Company” or “ OWL”) announceseffective on February 7, 2024 the Company will amend the terms (the“ Amendment ”) of an aggregate of 45,022,210 outstanding common sharepurchase warrants (collectively, the “ Warrants ”)previously issued by the Company as follows:
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45,022,210 of these Warrants are currently exercisableto acquire common shares of the Company at a price of $0.10 untilMarch 1, 2024. Under the Amendment, the term of the Warrants will beextended by an additional twenty-four months (24) to March 01, 2026.All other warrant terms remain the same.
Continuation of Non-Brokered PrivatePlacement
The Company also announces further to its news releasedated October 25, 2023, the Company iscontinuing with its non-brokered private placement of up to 20,000,000 units (each, a “ Unit ”) of theCompany at a price of $0.05 per Unit for gross proceeds of up to$1,000,000 that may close in one or more tranches (the “ Offering ”). Toodate the Company has raised $200,000.
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 $0.08 for aperiod of 36 months from the closing of the Offering. All funds are stated in Canadian dollars. For further detailssee news releases dated October 25, 2023, October 20, 2023 andSeptember 14, 2023.
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 1-888-280-8128.
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 no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from the those anticipated in such statements, importantfactors that could cause actual results to differ materially from thecompany’s expectations include: (I) inability of OWL tocommercialize its DLE technology (II) OWL’s inability to execute itsbusiness plan and raise any required financing, (III) risks and marketfluctuations common to the mining industry and lithium sector inparticular, 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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