One World Closes Non-Brokered Private Placement
Suite 615 – 800 West Pender Street, Vancouver, B.C. Canada, V6C 2V6 Telephone: 1-604-564-2017
www.oneworldlithium.com
ONE WORLD
LITHIUM
ONE WORLD LITHIUM ANNOUNCES
CLOSING OF NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC – December 08, 2021 - One World Lithium Inc. (CSE -OWLI) (OTCQB-OWRDF) (the
“Company”) (“OWL”) is pleased to announce it has closed a second and final tranche of its previously
announced non-brokered private placement of up to 30,000,000 units (each, a “ Unit”) at a price of
$0.06 per Unit for gross proceeds of up to $1,800,000. (the “Offering”). On the second tranche closing
the Company issued 17,350,843 Units for gross proceeds of $1,041,050.60. Including the proceeds
from the first tranche, the Company has raised $ 1,807,271.20 under the Offering. The Offering has
been oversubscribed.
Each Unit consists of one common share of the Company (a “ Common Share”) and one full non -
transferable Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will
entitle the holder to purchase one Common Share at a price of $0.12 for a period of 36 months from
the closing of the Offering. All securities are subject to a four month and one day hold from the closing
date.
The net proceeds of the Offering will be used primarily for the additional diamond drilling and
exploration on its Salar del Diablo Lithium Brine Property, advancement of its potential lithium
separation technology and the balance for working capital.
The Company also announces that is has granted incentive stock opti ons to a consultant of the
Company to purchase up to an aggregate of 750,000 common shares of the Company at an exercise
price of $0.0 9 per common share, being the closing price the closing price of the Company’s common
shares on the Canadian Stock Exchange on December 07, 2021. The stock options are exercisable on or
before December 06, 2024, with 375,000 vesting on February 08, 2022 and 375,000 vesting on May 08, 2022.
The options were granted in accordance with the Company’s Stock Option Plan.
In addition, the Company also announces that effective on December 0 8, 2021 the Company will
amend the expiry date (the “Amendment”) of an aggregate of 4,292,000 outstanding common share
purchase warrants (the “Warrants”) that are currently exercisable to acquire common shares of the
Company at a price of $0.10 until December 23, 2021. Under the Amendment, the term of the
Warrants will be extended by an additional twelve months (12) such that they will now be exercisable
until December 23, 2022. All other Warrant terms remain the same.
About One World Lithium Inc.
One World Lithium Inc. is an exploration and development company focused on lithium in brine
projects and new lithium separation technologies. It currently has earned a 60% property interest in
the Salar del Diablo property. On completing the southern drill program, OWL will earn an additional
20% property interest and has an option to purchase a further 10% property interest for a total of a
Suite 615 – 800 West Pender Street, Vancouver, B.C. Canada, V6C 2V6 Telephone: 1-604-564-2017
www.oneworldlithium.com
ONE WORLD
LITHIUM
90% property interest in the 103,450 hectare (399 square mile) Salar del Diablo Lithium Brine project
located in the State of Baja California, Mexico.
On behalf of the Board of Directors of One World Lithium Inc.,
“Douglas Fulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email [email protected]
or call 1-604-564-2017 Extension-3.
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities
legislation. Forward looking information is based on ce rtain key expectations and assumptions made by the management of the OWL,
including the intention of OWL to proceed with the advancement of the Property and the new critical separation technology. Although
OWL 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 OWL 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. OWL disclaims any intent or obligation
to update publically any forward -looking information, whether as a result of new information, fut ure 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 differ materially from the company’s expectations include: (I) inability of OWL to execute its business plan and r aise the
required financing (II) accuracy of mineral or resource explorati on activity (III) continued access to mineral property and (IV) risks and
market fluctuations common to the mining industry and lithium sector in particular (V) advancement in new technologies. The reader is
cautioned that assumptions used in the preparati on 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 r isks,
uncertainties, and other factors, some of which are beyond the control of the OWL. 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 polic ies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of this release.