June 21, 2018 10:58 PM ET

Metals and Mining

Company Overview of Lithium Exploration Group, Inc.

Company Overview

Lithium Exploration Group, Inc. engages in the acquisition, exploration, and development of resource properties in Canada. The company explores for lithium brines and other precious metals. It focuses on testing its SonCav Technology for use in the mining, oil, and gas and other industrial applications; and the acquisition of oil and gas related assets in Western Canada and Southwest Louisiana. The company was formerly known as Mariposa Resources, Ltd. and changed its name to Lithium Exploration Group, Inc. in November 2010. Lithium Exploration Group, Inc. was founded in 2006 and is based in Phoenix, Arizona.

3800 North Central Avenue

Suite 820

Phoenix, AZ 85012

United States

Founded in 2006

2 Employees

Phone:

480-641-4790

Key Executives for Lithium Exploration Group, Inc.

President, CEO, CFO, Principal Accounting Officer, Treasurer, Secretary & Director
Age: 37
Total Annual Compensation: $120.0K
Consultant
Age: 44
Compensation as of Fiscal Year 2017.

Lithium Exploration Group, Inc. Key Developments

Lithium Exploration Group, Inc. announced delayed 10-Q filing

On 05/16/2018, Lithium Exploration Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Lithium Exploration Group, Inc. Announces Amendment to its Articles of Incorporation

The board of directors of Lithium Exploration Group, Inc. furnished this information to the holders of record at the close of business on the record date, March 2, 2018 of its outstanding common stock, $0.001 par value per share, pursuant to Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended. This information statement is being furnished to such stockholders for the purpose of informing the stockholders in regards to: an amendment to the company's articles of incorporation to increase the authorized number of shares of the company's common stock from 50,000,000 shares of common stock, par value $0.001 to 750,000,000 shares of common stock, par value of $0.001 per share; and board of directors (sole director) approved the amendment on February 2, 2018.

Lithium Exploration Group Inc. Approves Amendment to the Articles of Incorporation

On March 2, 2018, the Board of Board of Directors of Lithium Exploration Group Inc. approved the amendment to their Articles of Incorporation to increase the authorized number of shares of common stock from 50,000,000 shares to 750,000,000 shares, par value $0.001. Subsequently, the Amendment was approved by written consent of the holder of 350,000 shares of their Series C preferred stock, which hold 100 for 1 voting rights with the holders of their common shares, being 51% of their issued and outstanding voting securities. The approval was made in accordance with Sections 78.320 and 78.390 of the Nevada Revised Statues, which provide that a corporation’s articles may be amended by written consent of the stockholders representing at least a majority of the voting power.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 17, 2018
Sonic Cavitation technology assets of Lithium Exploration Group, Inc.
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