PHOENIX, AZ, United States, via ETELIGIS INC., 02/27/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG) (OTC Pink: LEXGD) (PINKSHEETS: LEXGD), received word yesterday that the Ultrasonic Generator will be available for pickup on Tuesday, March 3 to be returned to Spring, TX for inspection. Upon arrival in Spring the unit will immediately be disassembled and inspected for fractures and damage to the internal components.
“We received word from the shipper and insurance company yesterday that the delay in the return of the equipment was due to the wrecking yard that retrieved the truck, trailer, and contents not wanting to release the equipment until their bill was paid,” commented CEO Alex Walsh. “The present location is only a few hours from the machine shop in Spring so we hope to have a quick turnaround on the status of the unit after the wreck. I will continue to provide updates on progress, and once we get to see inside the unit, we should have a timeframe on any repairs and when it can be shipped again.”
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 Inc.