Lithium Exploration Group Inc. (fka LEXG)

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WOW, good-job LEXG! Lithium-Exploration-Group's Lenders Agree to-a Moratorium-on-Conversions http://www.accesswire.com/424550/Lithium-Exploration-Groups-Lenders-Agree-to-a-Moratorium-on-Conversions

Phoeinx, AZ - January 5, 2015 - InvestorsHub NewsWire - Lithium Exploration Group Inc. (OTCPINK: LEXG) announced today that its four remaining debt holders from the Tero acquisition have agreed not to convert any of their remaining notes for the month of January 2015. This agreement has been put in place with the debt holders to relieve pressure on the company while the additional acquisition of Tero is completed and the oil treatment unit is deployed at Tero.

"Our debt holders are extremely supportive of what we are doing as a company; together we are working to restructure the balance sheet to show our shareholders our commitment to protecting their interests and moving the company in a positive direction,” commented CEO Alex Walsh. “We continue to make positive progress and this gesture shows the commitment that our debt holders have to LEXG. We have also discussed extending the moratorium for the remainder of the first quarter, but for now it stands for the month of January.”