Replies to post #2660 on Lithium Exploration Group Inc. (fka LEXG)

[Phrozt]

Of course.. he announced it in the PR.

In addition, Walsh has pledged 10 million of his own shares to be used for subsequent rounds of financing, in order to facilitate additional financing opportunities and minimize any potential dilution. "My goal has always been to advance the Company in the most financially viable way," he said. "Issuing more shares only dilutes the existing shareholders, and I felt more comfortable pledging my own shares to show the kind of commitment and belief I have in our Company. Our next step is to close on our second round of financing, which we anticipate will be in the $5-million range. We are currently in negotiation with certain firms that we feel comfortable with, and who are also interested in our long-term growth."

He's selling his own shares back to the pool for people to buy.