One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) has signed a six-month agreement with advisory firm Cognitive Corporate Services Inc to help the junior company on corporate strategy, capital raising, and marketing initiatives.
Cognitive specializes in supporting both public and private companies to boost investor communications and increase awareness amongst the financial community. Its CEO John Costigan and his team has helped raise over C$200 million in growth capital for small companies over the last seven years.
The group will develop a digital marketing strategy for Vancouver-based OWL to reach targeted audiences through content, videos, digital ads and webinars.
"We have confidence in the innovative services that Cognitive provides, not only its in-depth knowledge of technologies, but also its leading-edge approach to increasing capital market awareness,” said Douglas Fulcher, OWL’s CEO, in a statement Wednesday.
Under the deal terms, Cognitive will receive a monthly fee and options to purchase up to 800,000 shares of OWL priced at C$0.075. The options are exercisable on or before October 21, 2022, with 150,000 vesting on December 21, 2020, and an additional 150,000 vesting on February 21, 2021. The remainder of the options will vest in two parts, with 250,000 on March 21, 2021, and the balance vesting on April 21, 2021.
OWL is focused on developing the 103,450 hectare (399 square miles) Salar del Diablo lithium brine project located in the State of Baja California, Mexico.
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