VANCOUVER, BC – April 25, 2018 – One World lithium Inc. (CSE:OWLI) (the “Company”) announces the resignation of Jeannine Webb (“Webb”) as Chief Financial Officer and Corporate Secretary effective March 28, 2018. The Company is pleased to announce the appointment of John N. Hamilton as Interim Chief Financial Officer and Corporate Secretary of the Company effective as of April 25, 2018.
The parties have agreed to settle a portion of the debt owing to Webb trough a debt settlement at a deemed price of $0.15 by the issuance of 160,000 common shares of the Company. The shares will be subject to a four (4) month and one (1) day hold from trading from the closing date.
About One World Lithium Inc.
One World Lithium is an exploration and development Company. The Company has an option to acquire a 90% interest in the 75,400 hectare Salar del Diablo Property in Baja California, Mexico.
For further information, please contact firstname.lastname@example.org or visit the Company’s web site at www.oneworldlithium.com
On behalf of the Board of Directors of One World Lithium Inc.,
Douglas Fulcher, CEO and President
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward looking information is based on certain key expectations and assumptions made by the management of the Company including: (i) the future intended focus on lithium properties of merit; and (ii) the filing of its outstanding financial statements and related MD&A. Although the Company believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward looking information because the Company can give no assurance that they will prove to be correct. Forward looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publically any forward looking information, whether as a result of new information, future events or results or otherwise , other than as required by applicable securities laws. 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 direr materially from the company’s expectations include: (i) risks associated with lithium exploration and development; (ii) risks associated with the mining industry in general, including those specifically as they relate to mining operations in Mexico; (iii) inability for the Company to raise the required financing; and (iv) inability of the Company to execute its business plan. The reader is cautioned that assumptions used in the preparation of any forward looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward looking information contained in this press release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy this release.