---------------- Mountain Capital Inc. changes name to First Lithium then assigns 5 of the mining permit options to Lithium Explorations VIII who then assigns them to Lithium Exploration Group.
EX-10.1 2 exhibit10-1.htm ASSIGNMENT AGREEMENT DATED EFFECTIVE DECEMBER 16, 2010
For some reason the "exhibit A" doesn't show up in the agreement filing. Note the agreement shows Lithium Explorations VIII with a Ontario address. -------------------
LITHIUM EXPLORATION VIII LTD.
Business Entity Information Status: Active File Date: 11/17/2010 Type: Domestic Corporation Entity Number: E0554542010-9 Qualifying State: NV List of Officers Due: 11/30/2011 Managed By: Expiration Date: NV Business ID: NV20101820420 Business License Exp: 11/30/2011
Registered Agent Information Name: NATIONAL REGISTERED AGENTS, INC. OF NV Address 1: 1000 EAST WILLIAM STREET SUITE 204 Address 2: City: CARSON CITY State: NV Zip Code: 89701 Phone: Fax: Mailing Address 1: Mailing Address 2: Mailing City: Mailing State: NV Mailing Zip Code: Agent Type: Commercial Registered Agent - Corporation Jurisdiction: NEVADA Status: Active View all business entities under this registered agent
Financial Information No Par Share Count: 0 Capital Amount: $ 3,000.00 Par Share Count: 3,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers Director - GUY ROBINEAU Address 1: 219 DAVID STREET Address 2: City: SUDBURY State: ON Zip Code: P3E 1T6 Country: Status: Active Email: Treasurer - GUY ROBINEAU Address 1: 219 DAVID STREET Address 2: City: SUDBURY State: ON Zip Code: P3E 1T6 Country: Status: Active Email: Secretary - GUY ROBINEAU Address 1: 219 DAVID STREET Address 2: City: SUDBURY State: ON Zip Code: P3E 1T6 Country: Status: Active Email: President - GUY ROBINEAU Address 1: 219 DAVID STREET Address 2: City: SUDBURY State: ON Zip Code: P3E 1T6 Country: Status: Active Email:
Actions\Amendments Click here to view 2 actions\amendments associated with this company
============ A new CEO for a new mining claim? (the Beeston deal that was terminated appparently involved a different CEO)
Corporate Overview
We were incorporated on May 31, 2006 under the name Mariposa Resources, Ltd. in the State of Nevada, U.S.A. The company is based in Scottsdale, Arizona, USA.
Effective November 30, 2010, we changed our name to Lithium Exploration Group, Inc. by way of a merger with our wholly owned subsidiary Lithium Exploration Group, Inc., which was formed solely for the change of name.
We are an exploration stage company that engages principally in the acquisition, exploration, and development of resource properties. Prior to June 25, 2009, we had the right to conduct exploration work on 20 mineral mining claims in Esmeralda County, Nevada, USA. On July 31, 2009, we acquired an option to enter into a joint venture for the management and ownership of the Jack Creek Project, a mining project located in Elko County, Nevada. On September 25, 2009, the joint venture was terminated and we entered into an agreement with Beeston Enterprises Ltd., under which our company was granted an option to acquire an undivided 50% interest in eight mineral claims located in the Clinton Mining District of British Columbia, Canada. On February 14, 2011 we sent notice to Beeston to terminate the option agreement.
On December 16, 2010, we entered into an assignment agreement to acquire an undivided 100% right, title and interest in and to certain mineral permits located in the Province of Alberta, Canada. To date, our activities have been limited to our formation, the raising of equity capital and its mining exploration work program.
On January 18, 2011, we entered into a purchase option agreement with Salta Water Co. and we have acquired a 60% interest on the Salta Aqua claims in Salta Province, Argentina. We have a further option to acquire the remaining 40% interest from Salta Water.
============================ LITHIUM EXPLORATION GROUP, INC.
Business Entity Information Status: Active File Date: 5/31/2006 Type: Domestic Corporation Entity Number: E0403612006-0 Qualifying State: NV List of Officers Due: 5/31/2011 Managed By: Expiration Date: NV Business ID: NV20061035279 Business License Exp: 5/31/2011
Additional Information Central Index Key: 1375576
Registered Agent Information Name: CORPORATE DIRECT, INC. Address 1: 2248 MERIDIAN BLVD STE H Address 2: City: MINDEN State: NV Zip Code: 89423 Phone: Fax: Mailing Address 1: Mailing Address 2: Mailing City: Mailing State: NV Mailing Zip Code: Agent Type: Commercial Registered Agent - Corporation Jurisdiction: NEVADA Status: Active View all business entities under this registered agent
Financial Information No Par Share Count: 0 Capital Amount: $ 600,000.00 Par Share Count: 100,000,000.00 Par Share Value: $ 0.001 Par Share Count: 500,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers Director - GARY CAMPBELL Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: USA Status: Historical Email: President - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: USA Status: Historical Email: Treasurer - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: USA Status: Historical Email: Director - NANUK WARMAN Address 1: 2533 NORTH CARSON ST Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: USA Status: Historical Email: Secretary - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: USA Status: Historical Email: President - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: Status: Active Email: Treasurer - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: Status: Active Email: Director - NANUK WARMAN Address 1: 2533 NORTH CARSON ST Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: Status: Active Email: Secretary - NANUK WARMAN Address 1: 2533 NORTH CARSON STREET Address 2: City: CARSON CITY State: NV Zip Code: 89706 Country: Status: Active Email:
Actions\Amendments Actions\Amendments Action Type: Merge In Document Number: 20100864976-23 # of Pages: 16 File Date: 11/17/2010 Effective Date: 11/30/2010 (No notes for this action) Action Type: Registered Agent Change Document Number: 20100396945-29 # of Pages: 1 File Date: 5/24/2010 Effective Date: (No notes for this action) Action Type: Annual List Document Number: 20100244848-33 # of Pages: 1 File Date: 4/15/2010 Effective Date: (No notes for this action) Action Type: Annual List Document Number: 20090448616-20 # of Pages: 2 File Date: 5/29/2009 Effective Date: (No notes for this action) Action Type: Amendment Document Number: 20090330307-97 # of Pages: 1 File Date: 4/08/2009 Effective Date: Previous Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00 New Stock Value: Par Value Shares: 100,000,000 Value: $ 0.001 Par Value Shares: 500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 600,000.00 Action Type: Annual List Document Number: 20080238998-69 # of Pages: 2 File Date: 4/06/2008 Effective Date: (No notes for this action) Action Type: Annual List Document Number: 20070291308-22 # of Pages: 2 File Date: 4/26/2007 Effective Date: (No notes for this action) Action Type: Initial List Document Number: 20060370558-06 # of Pages: 1 File Date: 6/08/2006 Effective Date: (No notes for this action) Action Type: Articles of Incorporation Document Number: 20060346834-46 # of Pages: 4 File Date: 5/31/2006 Effective Date: Initial Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00
(officers not updated yet)
=================== LITHIUM EXPLORATION GROUP, INC.
Business Entity Information Status: Merge Dissolved File Date: 11/17/2010 Type: Domestic Corporation Entity Number: E0554592010-4 Qualifying State: NV List of Officers Due: 12/31/2010 Managed By: Expiration Date: NV Business ID: NV20101820496 Business License Exp:
Registered Agent Information Name: NATIONAL REGISTERED AGENTS, INC. OF NV Address 1: 1000 EAST WILLIAM STREET SUITE 204 Address 2: City: CARSON CITY State: NV Zip Code: 89701 Phone: Fax: Mailing Address 1: Mailing Address 2: Mailing City: Mailing State: NV Mailing Zip Code: Agent Type: Commercial Registered Agent - Corporation Jurisdiction: NEVADA Status: Active View all business entities under this registered agent
Financial Information No Par Share Count: 0 Capital Amount: $ 600,000.00 Par Share Count: 600,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers No officers found for this company
Actions\Amendments
Actions\Amendments Action Type: Articles of Incorporation Document Number: 20100864680-55 # of Pages: 2 File Date: 11/17/2010 Effective Date: Initial Stock Value: Par Value Shares: 600,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 600,000.00 Action Type: Merge Out Document Number: 20100864976-23 # of Pages: 16 File Date: 11/17/2010 Effective Date: 11/30/2010 (No notes for this action)
============================= FIRST LITHIUM RESOURCES INC. (Formerly Mountain Capital Inc.) (An Exploration Stage Company) Notes to the Financial Statements For the nine months ended September 30, 2010 (Canadian Dollars) (Unaudited) 14 6. MINERAL PROPERTY INTERESTS (Continued) (d) Valleyview Properties, Alberta On February 26, 2009, the Company entered into a property acquisition agreement to acquire a 100% interest in 41 Metallic and Industrial Minerals Permits located west to northwest of Edmonton, Alberta. The terms of the agreement require that the Company make: • Cash payment of $45,000 upon execution of this agreement (paid); and • Cash payment of $45,000 (paid) and issue 1,200,000 Common Shares (issued) for a total value of $150,000 and 1,200,000 warrants (issued) with a fair value of $28,920, exercisable at $0.25 for two years, expiring on April 6, 2011. The vendors will retain a 3% royalty, which can be reduced to 1% by the Company paying $1,000,000 and a 5% gross overriding royalty on the gross production of diamonds. A 7% finder’s fee comprising $8,400 cash and 67,200 shares for a total value of $8,400, has been paid on the transaction to an arm’s length third party on April 7, 2009, the day the Exchange accepted the option agreement.
----------------- Subsequent Events (a) On April 14, 2009, the Company issued 1,200,000 units for the Valleyview Properties. Each unit consists of one common share valued at $0.125 per share and one warrant with an exercise price of $0.25 for two years expiring on April 7, 2011. (b) On April 14, 2009, the Company issued 67,200 shares valued at $0.125 per share and paid $8,400 cash for finder’s fees in relation to the Valleyview Properties
=================== On October 6, 2010 the Company entered into an Option Agreement with Lithium Explorations VIII Ltd (the “Optionee”) whereby the Optionee has the option to acquire 100% right, title and interest to 5 metallic and industrial permits owned by the Company on the following basis: • pay to the Company $40,000 upon execution of the Agreement (paid); • pay to the Company $60,000 on or before January 1, 2012; • pay to the Company $100,000 on or before January 1, 2013; • pay to the Company $300,000 on or before January 1, 2014; • pay all such property payments as may be required to maintain the mineral permits in good standing. FIRST LITHIUM RESOURCES INC. (Formerly Mountain Capital Inc.) (An Exploration Stage Company) Notes to the Financial Statements For the nine months ended September 30, 2010 (Canadian Dollars) (Unaudited) 25 13. SUBSEQUENT EVENTS (Continued) (a) Valleyview Properties, Alberta (Continued) • provide to the Company the refundable amount of $50,000 by November 2, 2010 (received) to be applied towards work assessment expenses acceptable to the Government of Alberta with any unused portion to be applied against payments required to maintain the permits underlying the Property in good standing
=================== And then passed onto Lithium Exploration Group:
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