Lithium Exploration Group Inc. (fka LEXG)

[chemist72]

Yes, no need for an RS yet. Only 4B shares issued as of Nov. 1, 2017.

LEXG still has another 6B shares that can be issued before they reach their AS limit of 10B. However, as the convertible promissory notes continue to become due over the next 5 months, LEXG will indeed approach their AS limit. At that point they will have 2 choices: either increase their AS limit OR do an RS. There is no getting around the sheer volume of promissory notes that are coming due. Just check their last 10-K.