LITHIUM EXPLORATION GROUP ANNOUNCES BUYOUT OF LARGEST DEBT HOLDER
August 04 2017 - 12:37PM
InvestorsHub NewsWire
Lithium Exploration Group Announces Buyout of Largest Debt
Holder
PHOENIX, AZ -- August 04, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group, Inc. (LEXG) today announced today that
its largest Debt holder with over $2.3mm in Debt has been Bought
Out by a New Investor Group. The New Investor Group believes in the
long term viability of the White Top Oil Investment and that the
reserves will be proved out by the new seismic data.
CEO Alex Walsh stated The timing of the But Out was spurred on
by the positive reinforcement of Meir report and the potential 30%
upside above and beyond the initial reserves of the property!.
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and
development company focused on the acquisition and development
potential of lithium brines and other precious metals that
demonstrate high probability for near-term production. Currently
the company is focused on its Western Canada lithium assets,
testing its Ultrasonic Generator Technology and the acquisition of
oil and gas related assets in Western Canada. Lithium Exploration
Group is a fully reporting company traded on the OTC Markets under
the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT:
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com