LITHIUM EXPLORATION GROUP PREPARES FOR
TREMENDOUS MOMENTUM FROM LOUISIANA OIL PROJECT
SUCCESS
Phoenix, AZ November 22, 2017 --InvestorsHub NewsWire
-- Lithium Exploration Group (USOTC: LEXG) announced today that, because
of the progress being made in its three business units, it has
initiated a 200-for-1 reverse split of the stock. The split will
take effect on December 18, 2017 and will reverse the issued and
authorized shares of the security, increasing the trading price but
not increasing the authorized shares. Many people in the market are
not able to buy shares of companies that trade at these low levels
and the company believes that bringing the trading price up to a
higher level will give it more visibility and the ability to
increase institutional coverage in the coming months.
"The past few weeks have seen a series of seminal events in LEXG
history. We have made a move to acquire a set of lithium battery
patents, SonCav is preparing for initial sales presentations to
customers, and our Louisiana oil project has completed its seismic
shoot and is ready to take on serious capital to move it forward,"
commented CEO Alex Walsh. "Our core business since inception has
been the SonCav technology and its success in the coming years will
be substantially beneficial to our shareholders, especially those
focused on lithium extraction in the Americas. That said, the oil
project in Louisiana has the ability to start generating cash
dividends for LEXG almost immediately and could be of tremendous
value near and long term. We have finally turned the corner and are
going to control our own destiny in 2018."
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