LITHIUM EXPLORATION GROUP DISTRIBUTES Q3 LETTER TO SHAREHOLDERS
September 29 2017 - 8:58AM
InvestorsHub NewsWire
September 29, 2017 -- InvestorsHub NewsWire -- Phoenix, AZ /
Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh
updates shareholders on company activities.
Dear Shareholders,
I wanted to take this opportunity to update you on our ongoing
efforts at LEXG. As you may have noticed, we filed our annual
Form 10K with the SEC yesterday; it can be found at www.sec.gov and at many other financial outlets.
We took extra effort this year to clean it up, and hope that it is
more user-friendly so that you can understand our current business
activity and our goals for the company in the coming
year.
We have been extremely busy with the annual audit and some other
strategic initiatives which I hope to be able to announce in the
coming weeks. Our core business and primary focus remains the
distribution and proliferation of the SonCav technology, but when
opportunities present themselves that can be complementary to our
core efforts, we have historically tried to take advantage of
them.
As announced earlier this month, we have initiated an offer to
partner with the inventor of two lithium battery patents. The
initial feedback has been positive and we hope to have a resolution
on that in October. We have also made a substantial
investment in an oil project in Louisiana where, in the coming
weeks, we expect to receive the processed data from the seismic
shoot, which was completed in September. These strategies
will hopefully be synergistic to our efforts in our core business,
but we would not have entertained them if we did not feel that they
could ultimately generate a positive financial benefit to our
company and our shareholders.
The past year has been all about cleaning up our balance sheet and
positioning ourselves for the next chapter, which I hope to be the
positive generation of revenue and profit. We are very close
to this eventuality and look forward to announcing many positive
developments in the 4th quarter.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
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 testing its SonCav Technology and the acquisition of oil
and gas related assets. Lithium Exploration Group is traded on the
OTCPINK 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 Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com