One World Minerals Inc. Elects Not to Proceed With the 100% Purchase of the CC Claim Group, Clayton Valley, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 16, 2017) - One World Minerals Inc. (CSE:OWM)(CSE:OWM.CN)(CNSX:OWM) (the "OWM") has elected not to proceed with the option to purchase a 100% property interest in the CC Claim Group from GeoXplor Corp. as previously announced on June 06, 2017.
The election does not reflect the merits of the CC Claim Group. OWM has elected to focus only on its core business plan which is to explore and develop its main projects being the Rico Litio Lithium property and other potential lithium projects in Mexico as well as its Mogollon high grade Silver and Gold property in New Mexico.
On behalf of the Board of Directors of One World Minerals Inc.,
Douglas Fulcher, CEO and President
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation concerning the business of the OWM. Forward looking information is based on certain key expectations and assumptions made by the management of the OWM regarding the proposed exploration program. Although OWM 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 OWM 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. OWM disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future 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 direr materially from the company's expectations include: (I) potential comments from regulators which may delay; (II) inability of OWM to execute its business plan and raise the financing required to implement the exploration program; and (III) risks and market fluctuations common to the mining industry and lithium sector in particular. The reader is cautioned that assumptions used in the preparation 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 risks, uncertainties, and other factors, some of which are beyond the control of the OWM. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.
