One World Minerals Inc. (OWM) is a mineral exploration and development company and is trading on the Canadian Securities Exchange with the symbol OWM. The Company may earn and purchase up to a 90% working interest in the Rico Litio Property located in Baja North, Mexico. The property covers a salar with 290 square miles or 75,000 hectares. Twenty-four surface samples assayed an average of 74 parts per million Lithium over 74 miles. The Company intends to drill test several targets in May and June of this year.
One World Minerals also has the right to purchase a 100% working interest in the high grade silver and gold Mogollon Property which has produced 305,000 ounces gold and 17 million ounces silver to date with a potential remaining resource of several million tons of similar mineralization.
It is OWM’s intentions to list on the OTC:BB in the third quarter of 2017.
Legal: Clark Wilson, LLP
Auditor: BDO Canada LLP
Transfer Agent: Computershare
Bank: Bank of Montreal
Pro Forma Share Structure
2017 Budget (all funds stated in CDN dollars)
A) Pursuant to CSE listing requirements:
B) To explore and drill the Rico Litio, general administrative expenses, shareholder relations, and a further exploration program:
(1) The Company is proposing to complete a non-brokered private placement of units comprising of one share and a one warrant where one can purchase an additional share with two warrants at a 50% premium to the share price with a term of one year.