One World Lithium Inc (CSE:OWLI) (OTCMTKS:OWRDF) is boosting its board with the addition of finance executive John Hamilton.
Hamilton, the lithium company’s current CFO, takes over from Andrew Pooler, who resigned to pursue other business opportunities, the Vancouver-based company said in a statement.
Hamilton has over 40 years of experience in financial and strategic planning and reporting requirements for public companies, having managed both public and private companies listed on the major North American stock exchanges.
OWL also said it is amending the terms of its previously issued warrants, repricing and extending the expiry date of a batch of just over 14.5 million warrants. The firm took the decision to extend the warrants for an additional year as they would become void during 2020.
In addition, the company reduced the exercise price to C$0.15 for any warrants that have an exercise price at either C$0.20 or C$0.25.
The new terms are as follows:
- 6,857,667 warrants currently exercisable at C$0.20 until March 22, 2020 have been repriced to C$0.15, with a new expiry date of March 22, 2021;
- 3,480,665 warrants currently exercisable at C$0.20 until May 23, 2020 have been repriced to C$0.15, with a new expiry date of May 23, 2021;
- 4,162,901 warrants currently exercisable at C$0.20 until November 8, 2020, have been repriced to C$0.15, with a new expiry date of November 8, 2021;
All other warrants remain the same, the company told shareholders.
OWL is currently focused on exploring the 103,430 hectares Salar del Diablo lithium brine project located in the State of Baja California, Mexico.
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