LITHIUM EXPLORATION GROUP CEO ANNOUNCES PLANS FOR A SECOND QUARTER ICO
January 31 2018 - 9:15AM
InvestorsHub NewsWire
Lithium Exploration Group CEO Announces Plans for a
Second Quarter ICO
Phoenix, AZ
January
31, 2018 --InvestorsHub NewsWire
-- Lithium Exploration
Group (USOTC: LEXG) announced today that
it
intends to file
registration statements for an ICO to tokenize oil and
gas assets in the US. The company has spent the last month
doing intense research about blockchain
technologies and cryptocurrency. After consultation with securities
counsel and a number of industry experts, it has developed a strategy
around
utilizing the best benefits of blockchain technologies to solve
structural issues that are present in the domestic oil and gas
industry. The company has been heavily involved in the oil and gas
space through its investment in an oil and gas project in the gulf
coast, and feels that this ICO is
consistent with its efforts in the industry. The tokens issued in the ICO
will be backed by the purchased assets as part of the offering.
The intent is to
follow SEC guidelines under Rule 506 of Regulation D and be fully
compliant with all US securities regulations.
"We have come to
the conclusion that the oil and gas industry could benefit
immensely from blockchain technologies. The utilization of
transparency and digital recordkeeping to create a marketplace for
investment can create alpha for investors," commented CEO Alex
Walsh. "The
plan we have designed will neutralize the "old boy network" that
rewards 'who you know' over 'what you
know'
in many of the most
sought-after oilfields in the US. This will provide transparency and
comfort to investors regarding what they are buying and what it is
worth. We
will reveal much more on our
strategy as
the disclosure documents are prepared but we are very excited about
executing on this project."
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 the Sonic
Cavitation Ltd. technology and the acquisition
of oil and gas related assets in the US and
Canada.
Lithium Exploration Group is 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
Info
Shanon
Chilson
480-641-4790
info@lithiumexplorationgroup.com