PHOENIX, AZ, United States, via ETELIGIS INC., 02/18/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG) announced today that the SonCav oil upgrading unit was involved in an over the road accident in Texas while traveling to Alberta. The company is waiting for an update from the transportation vendor on the status of the generator, drive, and motor that shipped from Spring, TX last week.
“All we know right now is that the truck and trailer were damaged in the crash, and were unable to complete their leg of the shipment. The entire load is being held at a regional hub while their insurance company completes a review of the accident,” commented CEO Alex Walsh. “We are waiting to receive more information on the condition and location of the shipment at present and when it will be released by the insurance company. I am posting images of the shipped items on our website, and will post more images when we get access in order to update everyone on the status and figure out next steps.”
About Lithium Exploration Group:
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 OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement:
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 testing of the ultrasonic technology.
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. We are not in control of lithium prices and these could vary to make development uneconomic. 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.
SOURCE: Lithium Exploration Group