On October 17, 2014, the Company amended its Articles of Incorporation, which amendment was filed with the Nevada Secretary of State on October 17, 2014, to increase the authorized capital of its common shares from 500,000,000 common shares, par value $0.001 to 2,000,000,000 common shares, par value $0.001. The Company's authorized capital consists of 2,000,000,000 common shares and 100,000,000 preferred shares, all with a par value of$0.001.
Lithium Exploration Group, Inc.
Notes to Condensed Consolidated Interim Financial Statements
December 31, 2014
(Unaudited)
3.
Capital Stock – Continued
Share Issuances - Continued
On September 11, 2014, the Company issued 2,607,721 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $30,777 (Note 6).
On September 11, 2014, the Company issued 5,599,010 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $39,712 (Note 6).
On September 11, 2014, the Company issued 1,652,893 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $20,000 (Note 6).
On September 12, 2014, the Company issued 9,900,990 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $100,000 (Note 6).
On September 12, 2014, the Company issued 2,869,240 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $30,781(Note 6).
On September 15, 2014, the Company issued 5,584,158 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $54,804 (Note 6).
On September 15, 2014, the Company issued 1,914,321 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $20,529 (Note 6).
On September 15, 2014, the Company issued 10,946,967 common shares at a deemed price of $0.002 per share for warrants exercise of $22,207 (Note 6).
On September 16, 2014, the Company issued 3,810,301 common shares at a deemed price of $0.01 per share for promissory note and interest conversion of $40,447 (Note 6).
On September 17, 2014, the Company issued 1,414,141 common shares at a deemed price of $0.005 per share for promissory note and interest conversion of $14,000 (Note 6).
On September 23, 2014, the Company issued 1,477,873 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $9,311 (Note 6).
On September 23, 2014, the Company issued 3,846,154 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $25,000 (Note 6).
On September 23, 2014, the Company issued 1,818,181 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $7,692 (Note 6).
On September 23, 2014, the Company issued 10,000,000 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $55,000 (Note 6).
On September 24, 2014, the Company issued 9,090,909 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $48,585 (Note 6).
On September 29, 2014, the Company issued 6,047,749 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $37,050 (Note 6).
Lithium Exploration Group, Inc.
Notes to Condensed Consolidated Interim Financial Statements
December 31, 2014
(Unaudited)
3.
Capital Stock – Continued
Share Issuances – Continued
On September 29, 2014, the Company issued 5,000,000 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $31,500 (Note 6).
On October 1, 2014, the Company issued 240,964 common shares at a market price of $0.01 per share for consulting fees.
On October 2, 2014, the Company issued 4,545,455 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $24,292 (Note 6).
On October 3, 2014, the Company issued 10,000,000 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $38,462 (Note 6).
On October 6, 2014, the Company issued 10,000,000 common shares at a deemed price of $0.003 per share for promissory note and interest conversion of $38,462 (Note 6).
On October 7, 2014, the Company issued 11,000,000 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $37,231 (Note 6).
On October 9, 2014, the Company issued 6,666,667 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $30,000 (Note 6).
On October 13, 2014, the Company issued 13,636,363 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $46,154 (Note 6).
On October 13, 2014, the Company issued 10,681,818 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $45,669 (Note 6).
On October 16, 2014, the Company issued 7,317,073 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $30,000 (Note 6).
On October 20, 2014, the Company issued 11,111,111 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $38,867 (Note 6).
On October 21, 2014, the Company issued 10,000,000 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $29,150 (Note 6).
On October 21, 2014, the Company issued 20,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $44,615 (Note 6).
On October 22, 2014, the Company issued 7,630,987 common shares at a market price of $0.003 per share for consulting fees.
On October 22, 2014, the Company issued 19,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $38,694 (Note 6).
On October 23, 2014, the Company issued 5,882,353 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $20,000 (Note 6).
Lithium Exploration Group, Inc.
Notes to Condensed Consolidated Interim Financial Statements
December 31, 2014
(Unaudited)
3.
Capital Stock – Continued
Share Issuances – Continued
On October 24, 2014, the Company issued 8,823,529 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $30,000 (Note 6).
On October 27, 2014, the Company issued 22,008,309 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $66,113 (Note 6).
On October 27, 2014, the Company issued 20,000,000 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $58,301 (Note 6).
On October 27, 2014, the Company issued 15,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $43,500 (Note 6).
On October 27, 2014, the Company issued 3,345,769 common shares at a deemed price of $0.002 per share for promissory note and interest conversion of $7,948 (Note 6).
On October 27, 2014, the Company issued 22,713,104 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $62,934 (Note 6).
On October 31, 2014, the Company issued 15,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $26,538 (Note 6).
On October 31, 2014, the Company issued 12,500,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $30,000 (Note 6).
On November 3, 2014, the Company issued 15,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $34,500 (Note 6).
On November 4, 2014, the Company issued 17,391,304 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $38,867 (Note 6).
On November 6, 2014, the Company issued 19,900,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $28,578 (Note 6).
On November 10, 2014, the Company issued 19,809,523 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $32,000 (Note 6).
On November 13, 2014, the Company issued 20,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $27,692 (Note 6).
On November 14, 2014, the Company issued 21,052,632 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $40,000 (Note 6).
On November 17, 2014, the Company issued 15,789,474 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $30,000 (Note 6).
On November 18, 2014, the Company issued 25,641,025 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $30,769 (Note 6).
Lithium Exploration Group, Inc.
Notes to Condensed Consolidated Interim Financial Statements
December 31, 2014
(Unaudited)
3.
Capital Stock – Continued
Share Issuances – Continued
On November 18, 2014, the Company issued 28,773,463 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $47,335 (Note 6).
On November 19, 2014, the Company issued 34,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $37,202 (Note 6).
On December 1, 2014, the Company issued 30,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $32,308 (Note 6).
On December 3, 2014, the Company issued 21,428,571 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $17,500 (Note 6).
On December 4, 2014, the Company issued 30,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $34,980 (Note 6).
On December 5, 2014, the Company issued 27,272,727 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $29,150 (Note 6).
On December 5, 2014, the Company issued 30,000,000 common shares at a deemed price of $0.001 per share for promissory note and interest conversion of $23,077 (Note 6).
On December 8, 2014, the Company issued 26,666,667 common shares at a deemed price of $0.005 per share for promissory note and interest conversion of $23,320 (Note 6).
On December 8, 2014, the Company issued 35,000,000 common shares at a deemed price of $0.0004 per share for promissory note and interest conversion of $18,846 (Note 6).
On December 9, 2014, the Company issued 25,714,286 common shares at a deemed price of $0.0004 per share for promissory note and interest conversion of $17,498 (Note 6).
On December 10, 2014, the Company issued 45,000,000 common shares at a deemed price of $0.0003 per share for promissory note and interest conversion of $20,769 (Note 6).
On December 10, 2014, the Company issued 48,300,000 common shares at a deemed price of $0.0003 per share for promissory note and interest conversion of $19,818 (Note 6).
On December 10, 2014, the Company issued 34,000,000 common shares at a deemed price of $0.0003 per share for promissory note and interest conversion of $20,400 (Note 6).
On December 11, 2014, the Company issued 33,891,200 common shares at a deemed price of $0.0004 per share for promissory note and interest conversion of $22,862 (Note 6).
On December 12, 2014, the Company issued 74,447,489 common shares at a deemed price of $0.0003 per share for promissory note and interest conversion of $42,334 (Note 6).
On December 15, 2014, the Company issued 50,000,000 common shares at a deemed price of $0.0003 per share for promissory note and interest conversion of $23,077 (Note 6).
Could you imagine these notes that are still being Printed/created as of most recent from DECEMBER 8TH 2014---> Are Deemed at .0004,.0003 for 20,000,000. 30,000,000. 40,000,000. 50,000,000. 70,000,000.+ common shares?
Is this MADDNESS OR WHAT!!!!!!!
On January 19, 2015, our board of directors approved a reverse stock split of our issued and outstanding shares of common stock on a basis of 20 old shares of common stock for one (1) new share of common stock. Stockholders of our company originally approved the reverse stock split on October 14, 2014 at a special meeting. Upon effect of the reverse stock split our issued and outstanding shares will decrease from 1,571,669,638 to 78,583,482 shares of common stock, with a par value of $0.001. Our authorized share capital will remain unchanged.
[img]So After October 14th 20014 "special Meeting" they approved for a 20-1 Reverse split then # days later Increased Both common and prefferd shares?
[/img]Going to need a few more Reverse Splits IMO before shareholder interest
On October 17, 2014, the Company amended its Articles of Incorporation, which amendment was filed with the Nevada Secretary of State on October 17, 2014, to increase the authorized capital of its common shares from 500,000,000 common shares, par value $0.001 to 2,000,000,000 common shares, par value $0.001. The Company's authorized capital consists of 2,000,000,000 common shares and 100,000,000 preferred shares, all with a par value of$0.001.
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