logo-loader
One World Lithium Inc.

One World Lithium raises C$734,586 via private placement to fund Salar del Diablo project in Mexico

Funds raised will go towards the Salar del Diablo lithium brine project in Mexico and working capital, according to a statement

Salar del Diablo
The Salar del Diablo lithium brine project is located in the State of California Baja Norte, Mexico

One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) has closed on the first tranche of a private placement announced last month, raising C$734,586.

The Canadian company issued 3,672,930 units at a price of $0.20 per unit, leaving C$1,265,414 of the offering yet to close.

The net proceeds will be used primarily for funding the Salar del Diablo lithium brine project in Mexico and working capital, according to a statement.

READ: One World Lithium completes successful drill campaign at Salar del Diablo project

Each unit consists of one common share of One World and one-half of a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.25 for a period of 24 months from the closing of the offering. All securities are subject to a four month and one day hold from the closing date.

One World Lithium, based in Vancouver, currently has earned a 60% property interest with an option to acquire a further 30% property interest in the 103,430 hectares Salar del Diablo lithium brine project located in the State of California Baja Norte, Mexico. The project is one of the larger lithium brine prospects to be drill tested in 2019.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: One World Lithium Inc.

Price: $0.15

Market: CSE
Market Cap: $12.52 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of One World Lithium Inc. named herein, including the promotion by the Company of One World Lithium Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

One World Lithium prepares to drill at the Salar Del Diablo Project in Mexico.

One World Lithium (CSE:OWLI) Chief Geologist John Hiner sat down with Steve Darling from Proactive Investors Vancouver to talk about the drilling program about to begin at the Lithium Project in Mexico. Hiner talked about the excitement surrounding this area and how they decided on the holes...

on 03/05/2019

2 min read