Lithium Exploration Group Sets Closing Date for Acquisition of Blue Tap Resources
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwired) -- 09/24/13 -- Lithium Exploration Group Inc. (OTCQB: LEXG) has set a closing date of October 18, 2013 to complete the acquisition of Blue Tap Resources. Lithium Exploration Group and Blue Tap Resources entered into an LOI on June 11, 2013 which can be found in Form 8K at .
"Yesterday we funded the second of three acquisition installments and we set a closing date to finalize the acquisition on October 18. On October 1st the disposal well will be returned to active status and the surface work required to resume operations is expected to be complete shortly thereafter," commented CEO Alex Walsh. "We are excited to complete the acquisition and return the Morinville facility to revenue generating operations with our partners at Blue Tap."
Lithium Exploration Group is a US-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 lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: .
This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Shanon Chilson
480-641-4790
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Datum: 24.09.2013 - 07:44 Uhr
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News-ID 1266560
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