leadf
logo-loader
viewOne World Lithium Inc.

One World Lithium adds CFO John Hamilton to its board of directors

He has over 40 years of experience in financial and strategic planning and reporting requirements for public companies

One World Lithium Inc. -
The company also announced it had amended the terms of 14.5 million warrants

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.

READ: One World Lithium mobilizing rig at Salar del Diablo in Mexico

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.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: One World Lithium Inc.

Price: 0.125 CAD

CSE:OWLI
Market: CSE
Market Cap: $13.02 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

Market Report: FTSE marches into Spring ahead of crucial budget week

FTSE 100 started March in rollicking form as bond and equity markets settled after the recent sell-off. London’s leading index jumped 125 points to 6,608 in early trading.   Halfords Group PLC (LON:HFD) expects full-year profits to nearly double thanks to continued strong demand for...

21 hours, 39 minutes ago

2 min read