Vancouver, BC, April 30, 2018 – One World Lithium Inc. (CSE-OWLI) (“OWL”) (the “Company”) announces that it will be unable to file its annual financial statements and management’s discussion and analysis for the year ended December 31, 2017, together with the related certifications (collectively, the “Disclosure Documents”) on or before the prescribed filing deadline of April 30, 2018 as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers’ Annual and Interim Filings, respectively. The Company has filed an application with the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission requesting that they issue a management cease trade order against the Company’s executives instead of a cease trade order against the Company and all of its securityholders.
The Company is working with its auditors to complete the audit of its financial statements for the year ended December 31, 2017 and anticipates that it will be in a position to file its annual financial statements and managements’ discussion and analysis, together with the related certifications, before May 18, 2018. The Company confirms that it will comply with the alternative information guidelines included in National Policy 12-203, Management Cease Trade Orders, for so long as it remains in default of a specified requirement.
About One World Lithium Inc.
One World Lithium Inc. is an exploration Company with its primary focus on exploring and developing lithium projects of merit. It has an option to acquire up to a 90% working interest in the 75,400 hectares (290 square miles or 754 square kilometers), which covers a salar located in Baja California, Mexico.
For further information please visit www.oneworldlithium.com or email firstname.lastname@example.org
On behalf of the Board of Directors of One World Lithium Inc.,
Douglas Fulcher, CEO and President
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 of this release.
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.