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"Additional details regarding this financing activity is included in the Company filed 8/Ks filed dated September 23, 2015 by the Company with the Securities and Exchange Commission. "
GHS Investments, LLC has Committed to Provide up to $7.75 Million in Equity Financing Over 24 Months to Eventure Interactive, Inc., for the Purpose of Maximizing Long-Term Growth Prospects
COSTA MESA, CA / ACCESSWIRE / September 23, 2015 / Eventure Interactive, Inc. (EVTI), a social application and technology development Company whose mission is to enrich event participation, today announced that it has it has recently secured up to $7.75 million in equity financing through GHS Investments, LLC.
The company has agreed to file a registration statement with the U.S. Securities & Exchange Commission ("SEC") registering the shares for the aforementioned investment.
Proceeds from this transaction are intended to pay down convertible and operational debt, fuel promotion of its newly designed Android, iOS and Web-based applications, expansion of the Eventure operational team and strategic acquisition opportunities.
"With this institutional financing commitment, we are well-positioned to realize our immediate operational goals of retiring all debt from the Eventure Balance Sheet and accelerating commercialization of the Eventure service," said Michael Rountree, Chief Financial Officer of Eventure Interactive, Inc. "With the depth of expertise GHS Investments brings to Eventure, we believe we have the right partner to move our business to self-sustaining through solid revenue generation and strategic acquisitions," continued Mr. Rountree.
Additional details regarding this financing activity is included in the Company filed 8/Ks filed dated September 23, 2015 by the Company with the Securities and Exchange Commission.
About Eventure Interactive, Inc.
Eventure's business is to connect people locally for controlled sharing of their lives.
Every day, millions of people are forced to use multiple applications to plan, invite, navigate, capture, organize and share their social and business events. Without organization and a simple retrieval system, sharing and recalling memories are often difficult, and many times non-existent. In addition, currently used techniques of memory sharing are person-to-person as opposed to persons-to-event, so many captured memories never end up being shared in a controlled group environment. Eventure solves for this very problem. Our proprietary technologies are robust, yet simple-to-use which address inefficiencies in the social marketplace by enabling captured memories to be centrally stored and effortlessly shared among event attendees in a secure, real-time environment. From our Social Calendar, to our Wearable Camera Technologies, to our Event based Games, Eventure truly redefines how one creates, curates and organizes life's most memorable moments.
For more information please visit: www.eventure.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
CONTACT:
Investor Relations:
Eventure Interactive, Inc.
http://www.eventure.com/investors
investor.relations@eventure.com
SOURCE: Eventure Interactive, Inc.
A former Google executive is the CEO of Eventure. The company also raised over $7 million about 10 months ago.
There's something here.
I said a little prayer for you.
"Please let LEXG hit $0.50."
I hope it gets answered!
Another lithium stock goes berserk
As of this writing, Sovereign Lithium is up 20 900%. Yes, twenty-thousand nine hundred percent, or 209 times. Obviously the stock is manipulated.
https://www.google.com/finance?q=OTCMKTS%3ASLCO
Lithium is where the action is!
After examining the volume since that date, I believe you are right. LEXG the dilution machine?
Another lithium related company gone berserk
Lithium battery recycling company gone berserk. UP 160% as of this writing.
https://www.google.com/finance?q=CVE%3AAMY
Green Valley Mine Inc.
It's on the CVE (Canadian Venture Exchange).
Symbol is GVY
Green Valley Mine Inc.
http://www.greenvalleymine.com/
It could be a very volatile stock. If you like that type of trade, look at 92 Resources (also on the CVE). It may have the largest spodumene claim in the world, or not.
https://www.google.com/finance?q=CVE%3ANTY
Another lithium junior gone berserk
Nothing but a claim to land that may contain less than 177ppb (parts per billion) lithium grade, which is not economically viable.
Up 233% as of this writing.
https://www.google.com/finance?q=CVE%3AGVY
Thanks for the warning
Alex, anyone who puts more than 10% of their money in US OTC stocks is reckless. IF LEXG goes to zero, it doesn't change my life. If it hits $.50 or $1, it could change my life financially. High risk, high reward without losing your shirt.
I'm just curious as to why you only post the worst case scenarios for LEXG?
We're all adults here and understand the risk.
All the best to you.
Faraday Future's second plant
FF's first plant is in Nevada. FF hasn't built a car yet and it's already applying for a second plant in California.
http://www.businessinsider.com/faraday-future-vallejo-second-factory-2016-5
Electric vehicle is a small percentage of lithium demand. Most of the demand will come from energy storage and China. If you're interested in investing in energy storage, have a look at Electrovaya (EFL, Toronto Stock Exchange) or US OTCMKTS:EFLVF.
https://www.google.com/finance?q=OTCMKTS%3AEFLVF
Electrovaya already has a $1 billion battery factory and its sales are skyrocketing.
Investing in lithium today is like investing in the dotcom bubble in 1998. People were making 10-100x their money. In 2000, it burst. Lithium will follow a similar pattern, IMO.
Disclaimer: I hold Orocobre, Lithium X, Nemaska, International Lithium, Electrovaya, and Nano One Materials.
I also trade a bunch of lithium juniors, such as LEXG, Durango Resources, 92 Resources, etc.
In a typical lithium-ion battery, there is roughly 10 times more graphite than lithium. So, graphite miners may also be a good investment. Two graphite miners come to mind: Northern Graphite, Alabama Graphite.
I hope LEXG gets with the program! It already has the appealing name.
"LEXG dovetail." That's what I'm hoping, too!
Lithium stocks
These are my favourite pure lithium stocks
Producers: Orocobre, Galaxy Resources
Development stage: Lithium X, Nemaska Lithium
Exploration/Drilling stage: International Lithium, Alix Resources, Bacanora
Lottery picks: Lithium Exploration, Durango Resources, Clean Commodities
Lithium boom just beginning.
http://oilprice.com/Energy/Energy-General/Why-The-Lithium-Boom-Is-Still-In-Its-Early-Stages.html
Does anyone know what happened to LEXG's lithium tenements?
In 2011, LEXG had lithium tenements that are worth $30+ million in today's market condition. Do they still have them or did they sell them? LEXG was 5 years ahead of its time.
http://www.lithiumexplorationgroup.com/Valleyview-Project.php
http://lithiumexplorationgroup.com/Salta-Project.php
Galaxy Resources and Orocobre are producers. At least a 300% gain with Orocobre in the upcoming lithium craze, imo.
I re-looked at the size of LEXG's 2011 tenements. Those are worth around $30 million market cap. in this market condition. I don't know if they sold those tenements.
5 PROPERTIES
> Vega Sur (9,585 hectares)
> Vega Este (5,387 hectares)
> Vega Oeste (9,686 hectares)
Vega Cono (7,898 hectares)
> Río Grande (9,758 hectares)
RESOURCES
> 60 percent mineral rights to property
> Lithium in surface water ranging up to 19 ppm
> Other minerals include boron, potash, calcium, magnesium, iodine,
bromine, and potassium
These properties are in the prized Lithium Triangle.
In 2011 LEXG also had Alberta brine tenements.
LOCATION
> Valleyview Project (NW Alberta)
> 650,000 acres
> Over 120 active wells
RESOURCES
> 100 percent mineral rights to property
> Sample testing conducted in 2011 has shown 70 - 85 ppm lithium
> Other minerals include calcium, magnesium, iodine, bromine, and potassium
LITHIUM Exploration Group should get back into the game of its namesake.
http://www.lithiumexplorationgroup.com/Valleyview-Project.php
http://lithiumexplorationgroup.com/Salta-Project.php
Hope LEXG doesn't miss the lithium bubble
There are lithium companies that have nothing but claims to land that may or may not have lithium beneath. Some of these companies have market caps. of $5+ million. That's how hot the lithium sector is. It's reminiscent of the dotcom boom. Of course we can expect a bust coming, too. It's just riding the wave and getting off at the right time.
I hope LEXG has new releases and land claims in the pipes before the bust comes.
LEXG had tenements for lithium brine in Argentina
In 2011, LEXG had tenements in Argentina's lithium brine. Today, those tenements would add at least $7 million to its market cap.
http://lithiumexplorationgroup.com/Salta-Project.php
LEXG was far ahead of its time.
LEXG was ahead of its time
LEXG should bring back the old website.
http://www.lithiumexplorationgroup.com/Valleyview-Project.php
Now is the time to be a lithium stock again. In 2011, LEXG was way ahead of its time. Stock price in March 2011 (adjusted for 2 reverse splits): $4.95 (19800 / 20 / 200 = $4.95).
We only need to get to $0.50 or $1 this time. Lithium companies with only tenements have market caps of $5+ million.
LEXG should become a pure lithium play
Since LEXG has some units in Alberta, Canada, it should team up with lithium companies operating in Alberta or have tenements in Alberta.
Oil is the past. Lithium is the future.
MGX Minerals: http://www.mgxminerals.com
Noram Ventures: http://www.noramventures.com
Canadian International Minerals: http://www.cin-v.com/
Just a suggestion.
Another lithium stock about to go berserk
Durango Resources. Up 35% as of this writing
https://www.google.com/finance?q=CVE%3ADGO
LEXG easily a $10 stock IF it has the technology
March, 2014
"We started exploring the concept of low cost production of lithium carbonate in Canada in 2011 for exactly this moment in time. With the successful testing of the technology we intend to use to extract lithium from oilfield brine in Alberta, we are ready to continue with bench scale testing of the separation technique we designed in 2012 to target lithium, potassium, and other minerals...
"At the end of the day, we have a separation technique designed to target lithium chloride and produce lithium carbonate, a 43-101 and hydrogeological study complete on the region and aquifer we are trying to target, and a technology that we hope will speed up the brine evaporation process from months to minutes. -- I don't know if Tesla will look to buy our knowledge, technology rights, our team, or our production but I do know that what they are doing to drive demand and visibility to the lithium exploration market will be good for us either way."
Does it have it, though?
Lithium market expected to skyrocket:
https://www.google.ca/#q=lithium%20demand&tbm=nws&rct=j
Wake up LEXG
Another lithium stock gone berserk. Up 135% as of this writing.
https://www.google.com/finance?q=CVE%3ANTY
I like the honesty in that 10-K. Other OTC 10-Ks are full of promises and never deliver. IMO, as a shell company, LEXG is worth at least $60,000.
I own five lithium stocks with amazing potential. LEXG is the lithium lottery ticket pick and the only OTC I own. It's only 10% of my holdings. I wouldn't recommend putting more than 10% of your money in OTC stocks. I've been burnt by OTC stocks in the past.
Go LEXG!
Lithium demand exploding: Tesla, Apple, Google, Volkswagen, GM, BYD Company, Faraday Future
We know about Tesla's Gigafactory 1. There are about 12 other gigafactories expected to come online by 2020. What we're hearing about Tesla's demand for lithium is only the tip of the iceberg.
1) Electric vehicles will only consume a fraction of the lithium demand. Energy storage will consume the most.
2) China will need much more lithium than the US.
Apple seeking EV charging stations
http://electrek.co/2016/05/25/apple-car-charging-stations/
Volkswagen possibly building its own gigafactory
http://electrek.co/2016/05/26/vw-battery-gigafactory-electric-vehicles/
Faraday Future expected to build SECOND EV factory. This one in California.
http://electrek.co/2016/05/25/faraday-future-second-production-factory-california/
GM to start Bolt EV production in October 2016
http://electrek.co/2016/05/13/gm-production-2017-chevy-bolt-october-2016/
500% More Electric Vehicle Revenue Coming by 2021
http://www.cheatsheet.com/automobiles/500-electric-vehicle-revenue-2021.html/?a=viewall
LEXG needs lithium tenements and focus the SonCav on lithium extraction.
Oil is the past. Lithium is the new oil.
Beginning of lithium boom
http://seekingalpha.com/article/3978337-lithium-boom-may-just-begun-20-year-bull-run
Come on LEXG, take advantage of the lithium boom! It could be just as big as the dotcom boom. It's a fundamental shift.
"Lithium Exploration Group is a U.S.-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 on its Western Canada and South America properties."
If LEXG has tenements in the Lithium Triangle, stock hits $.50, imo.
I hope we get a quiet, steady gain to $.10 . We don't need the 100%+ per day gains to attract the penny flippers. 25% or less several times over 2-3 months. Then the crazy 100%+ per day gains.
Market cap. is still only $66, 000.
Go LEXG!
Reading this message board is like being in the Twilight Zone. MSLP has a history of selling more stocks than products. If you've lost money, move on and make it back somewhere else. While you're lamenting over what could have been with this company, you'll miss the next dotcom boom: LITHIUM.
https://www.google.ca/#q=lithium+demand&tbm=nws
Lithium stock goes berserk
Alset Energy has several mineral claims and its market cap. is $29 million CAD ($22 million USD):
https://www.google.com/finance?q=CVE%3AION
LEXG needs to get with the program!
Lithium demand update
A fundamental change in the energy sector is coming. Just like the Interent changed the communications industry, lithium will change the energy industry?
https://www.google.ca/?ion=1&espv=2#q=lithium+demand&tbm=nws
LEXG has lithium brine extraction technology?
Lithium Exploration Group CEO Discusses Lithium Markets 8:45 AM ET
March 27, 2014
Lithium Exploration Group Inc. (OTCQB: LEXG) CEO Alex Walsh discusses the recent activity and commentary around the lithium industry:
There have been a number of articles written in recent weeks about the lithium industry and I have personally received a huge influx of calls from shareholders and interested parties trying to get a handle on what is going on out there. I want to take a moment to answer some questions and comment on what is being reported in the media.
Tesla - Tesla's gigafactory concept is brilliant. It vertically integrates their operations, allowing for the Tesla brand to expand while controlling unnecessary third party costs and expenses in the supply chain.
-- Supply and Demand Discussion
-- Historically, lithium prices more than tripled over the 10-year period from 2000 to 2010. That demand was driven by iPods, cell phones, tablets, and laptops. There is roughly a two-year production cycle in the solar evaporation process to produce lithium from brine (which makes up a majority of the global supply of lithium) so, as demand increased, supply could not meet those needs, spawning huge spot price fluctuations.
-- Prices have stabilized in recent years near $6,000/ton but there have been reports of oversupply recently holding prices steady even though electric vehicles have continued to grow in popularity. I expect that this will change rapidly perhaps more rapidly than people can quantify because the amount of lithium needed in a car battery is one hundred times the amount required for a laptop computer or a tablet. Supply needs must be initiated now to meet the 2017 goal of Tesla, and I believe that Tesla will begin to acquire as much lithium supply as it can get its hands on in North America to further the vertical integration of the electric vehicle production and insulate it from price volatility.
-- When will that happen?
-- Only Elon Musk and his advisory team know for sure when this will happen, but it is not going to be an overnight decision. As they have with their expansion into the market, they will certainly look at all options, but I am confident that they will buy the lithium they need to run this gigafactory. SQM (Chile) is the largest producer of lithium in the world (and owned by Potash Corp of Saskatchewan). Tesla could easily acquire SQM and ensure their supply for decades to come.
-- What does this mean for the rest of the global market?
-- Strap on your seatbelts because there will be a frenzy of activity all over the globe trying to replace the 10,000 - 15,000 tons of lithium carbonate that Tesla will be consuming.
-- What does this mean for Lithium Exploration Group?
-- I think that, at the end of the day, we have a separation technique designed to target lithium chloride and produce lithium carbonate, a 43-101 and hydrogeological study complete on the region and aquifer we are trying to target, and a technology that we hope will speed up the brine evaporation process from months to minutes.
-- I don't know if Tesla will look to buy our knowledge, technology rights, our team, or our production but I do know that what they are doing to drive demand and visibility to the lithium exploration market will be good for us either way.
Sincerely, Alex Walsh CEO - Lithium Exploration Group, Inc
March 27, 2014
-------------------------------------
IMO, if they do have this technology, LEXG is worth at least $1 billion in the upcoming lithium mania. There are lithium companies worth $100 - $700 million with no revenue.
"...we have a separation technique designed to target lithium chloride and produce lithium carbonate, a 43-101 and hydrogeological study complete on the region and aquifer we are trying to target, and a technology that we hope will speed up the brine evaporation process from months to minutes."
OTC lithium companies
Lithium Exploration Group
Market cap.: $64, 000 (64 thousand!)
OTCMKTS: LEXG
Sovereign Lithium
Market cap.: $480, 000
OTCMKTS:SLCO
American Lithium Minerals
Market cap.: $2 million
OTCMKTS:AMLM
Lithium Corporation
Market cap.: $8.75 million
OTCMKTS:LTUM
None of these companies have revenue.
For the next 2 years, any stock with lithium (the new gasoline) in its name will go up. LEXG needs to claim mineral rights.
Lithium sector exploding
Any stock with "lithium" in its name and a mineral claim has a market cap. of $2 - 15 million. LEXG has a market cap. of $64,000.
LEXG has a lot of catching up to do.
Is SIAF a good investment?
Adjusted for 1:10 reverse stock split on Dec./2014.
Dec. 2014: $0.79
May. 2016: $0.46
Down 42% in 2.5 years.
Oh yeah baby! Time to get into lithium stocks?
https://www.google.ca/?ion=1&espv=2#q=lithium+demand&tbm=nws
Where's Warren Buffett?
SIAF
Total equity.... $500 million
Market cap.....$100 million
P/E...................1.84
And listed on the OTC and not NASDAQ or NYSE? And Warren Buffett chose BYD Company over SIAF?
Something's wrong with the dim sum.
SIAF share buyback program.
Apple uses money it has in the bank to buyback shares.
What's SIAF going to use to buyback shares? Fortune cookies and shrimp dumplings with extra soy sauce?
LMAO.
LEXG vs LTUM
LEXG should have the same market cap. as LTUM ($8 million). LEXG should rebrand itself as a pure lithium play. It already has the name.
The next hot sector is lithium, which has been called the new gasoline. Electric vehicles, hydro power, wind power, and solar power require one element for energy storage: lithium. It's the lightest metal with the highest electrical conductivity. Some lithium stocks to look into:
LEXG (Lithium Exploration)
MMSDF (MacArthur Minerals). It has one of the largest land packages in Australia's lithium hotspot.
https://www.google.ca/#q=lithium+demand&tbm=nws
Lithium demand is exploding. LEXG should focus the Soncav on lithium brine extraction.
https://www.google.ca/#q=lithium+demand&tbm=nws
MMs definitely playing games.
Too much drama with this stock for me . See everyone 10 days before the next 10Q.