LITHIUM EXPLORATION GROUP CONFIRMS STRATEGIC INITIATIVE WITH ALTERNET SYSTEMS
January 18 2018 - 7:47AM
InvestorsHub NewsWire
Lithium Exploration Group Confirms
Strategic Initiative with Alternet
Systems
Phoenix, AZ -- January
18, 2018 -- InvestorsHub NewsWire -- Lithium Exploration Group
(USOTC: LEXGD) announced today that it has
entered into an LOI with Alternet Systems (USOTC:
ALYI) to sell contractual distribution rights to the SonCav
technology. The parties have been in discussions about the
forging of this new relationship for many months, and have now
entered into an LOI that would take Lithium Exploration Group
shareholders (with the leadership of the Alternet Systems team)
into a new company that will focus solely on the distribution and
sales of the SonCav technology. The agreement is subject to
finalization of definitive agreements between Lithium Exploration
Group and Alternet Systems and approval by SonCav.
“The SonCav technology
has transitioned in the past year from development to
commercialization, and our role in that commercialization is to
distribute and sell units for applications that solve commercial
needs. The SonCav team is well positioned to commercialize
their technology domestically and abroad. The team at ALYI is
top shelf and they have a laser focus on lithium and connections
that go far beyond those that we have here at LEXG, which is a
major reason for this move,” commented CEO Alex Walsh.
“Ultimately we want to ensure that our shareholders extract the
most value from being on the ground floor of this amazing
technology. This is a great opportunity for us to join forces and
allow our shareholders to have interest in two separate companies
instead of interest in one company with two lines of
business.”
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 testing the
Sonic Cavitation Ltd. technology and the acquisition of oil and gas
related assets in the US and Canada. Lithium Exploration Group is
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.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
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