Day: February 27, 2019

One World Lithium Inc. announces that it will be amending the terms of 100,000 share purchase warrants previously issued pursuant to a Credit Facility that closed on February 28, 2017. The Warrants were originally exercisable by the holder at a price of $0.20 per common share in the capital of the Company for a period of two years from the date of issuance. The expiry date of these Warrants will be extended by twenty-four months. Following the extension of the term of the Warrants, each Warrant will entitle the holder thereof to acquire one Share at an issue price of $0.20 per Share on or before February 28, 2020. All other terms and conditions of the Warrants will remain the same.

“Despite the challenges faced in 2018, our overall silver equivalent production increased in both the fourth quarter and for the full year. Operationally, 2018 was a year in which we successfully achieved our goal of completing Mill Circuit 4 and several drill programs on numerous areas of the Avino property, which successfully outlined longer term targets that warrant further investigation and drilling.” stated David Wolfin, President and CEO.

Magna Gold Corp. is pleased to announce that further to its news released dated February 11, 2019, it has completed the first tranche of a non-brokered private placement of common shares at a price of CAD$0.32 per Common Share comprising the concurrent financing to the Corporation’s previously announced proposed qualifying transaction. The first tranche of the Concurrent Financing consisted of the sale of 7,758,184 Common Shares for gross proceeds of $2,482,619.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or Units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the private placement is subject to TSX-V approval.

Alien’s Chairman Dennis Edmonds said, “We are delighted to welcome Peter and Dan to the Board of Alien. Peter’s arrival as CEO has been orchestrated as we embark on delivering on our strategy of a) seeking to demonstrate and realise value within the Company’s existing Mexican silver portfolio and b) acquiring projects which demonstrate significant development upside, in jurisdictions with established infrastructure and mining codes, where strong operational controls can be assured.