March 2016 Newsletter
PHOENIX, AZ / ACCESSWIRE / March 23, 2016 / Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates shareholders on company activities.
Dear Shareholders,
After many weeks of restating prior financials and bringing the September and December 10Qs up to date, as of yesterday we are finally current in our SEC reporting. It is not only important for our shareholders but for prospective investors that we continue to stay current and, now that we have been through this rigorous process, I am confident that we will continue to be fully reporting and current for the foreseeable future.
We have not been idle during this process. I have been in constant communication with our technology partners at SonCav on the preparation of both the water and oil units for further testing. As you may recall, we took possession of the units in January of this year and have been working hand in hand with SonCav. Unfortunately, due to the continued delays regarding our filings, we have been unable to fund the required assembly expenses to date. We now have a good plan on what needs to happen, and are going to get back to work to expedite the testing process.
I have also been working with a partner in Texas to evaluate potential oil and gas investments from Texas to Calgary that would fit with our larger goal of field-testing the water and oil units this summer. I have found a very attractive project and have been in active negotiations for the past six weeks. Now that we are current and the technology units will be readied for testing, I will be able to pursue this more aggressively and plan to find a field where we can buy in as a working-interest partner and deploy our technology units.
I appreciate all of your patience and look forward to getting the company to the position where we should be, and where you expect us to be.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
