SCOTTSDALE, Ariz., Feb. 19, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG.OB) announced today that on the heels of its recent announcements with respect to its new oil refining technology as well as the progress of its previous projects, it has been made several offers for funding from small banks and funds both in the US and Canada and is taking its time making sure it selects the very best transaction for the good of the Company and the shareholders alike.
"A financial placement is imminent," said CEO Alex Walsh. "It is extremely difficult for a small public R&D Company to stay alive without looking for ongoing investor support, but choosing the right financial partners is vital to the success and survival of the business. As it stands today, I am, with a team of trusted advisors, carefully selecting the best offer possible in order to push all projects forward to the point of cash-flowing without endangering shareholder value."
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 property. Lithium Exploration Group is a fully reporting company traded on the OTCBB under the symbol LEXG. Website: www.lithiumexplorationgroup.com. Lithium Exploration Group is also on Facebook, LinkedIn and Twitter @LEXG_OTCBB.
SOURCE Lithium Exploration Group
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