31 Mar 2011director interest notice● Neutral
Jonathan Jazwinski became a Lithium Exploration Group, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2011director interest notice● Neutral
Alexander Richard Walsh became a Lithium Exploration Group, Inc. President/Secretary/Treasurer and company insider (initial ownership filing).
22 Feb 2011quarterly activities report▼ Bad
Lithium Exploration Group, Inc. reported quarterly revenue of $0 and a net loss of $95 thousand for the period ended 2010-12-31.
15 Feb 2011late filing notice▼ Bad
Lithium Exploration Group, Inc. notified the SEC that its quarterly report would be filed late.
2 Feb 2011capital raising announcement▲ Good
Raised $250,000 by selling 250,000 shares at $1.00 each to two offshore investors - the first money in under the new lithium story, and the highest share price the company would ever sell stock at.
What it means for a shareholder
250,000 new shares at $1.00 to raise about $250,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
1 Feb 2011material agreement● NeutralMajor
Added a second lithium address weeks after the first: an option from Salta Water to earn up to 100% of the Salta Agua brine claims in Argentina, with 60% earned through staged cash payments and share issues over five years. A second early-stage option, still with no exploration completed on the first.
10 Jan 2011asset acquisition disposition▲ GoodMajor
The pivot that gave the company its name: took over, by assignment from Lithium Exploration VIII, an option on 100% of five lithium-prospective permits covering about 46,000 hectares in Alberta, in exchange for $500,000 of staged payments through to January 2014 plus royalties to First Lithium and the original vendor. British Columbia gold claims out, Alberta lithium in.
1 Nov 2010quarterly activities report▼ Bad
Lithium Exploration Group, Inc. reported quarterly revenue of $0 and a net loss of $7 thousand for the period ended 2010-09-30.
19 July 2010material agreement▼ Bad
Second Beeston extension in four months, pushing both the share issue and the first C$50,000 exploration program out to December 2010 and raising the share consideration from 1 million to 1.5 million shares. The British Columbia claims were costing more shares and still had no work done on them.
31 Mar 2010material agreement▼ Bad
Could not issue Beeston its 1 million shares on time and bought a three-month extension by promising another C$50,000 of exploration spending - the first sign the company could not meet even the modest terms of its new project.
25 Sept 2009material agreement● NeutralMajor
Two months after dropping the Nevada gold ground, took an option from Beeston Enterprises over half of eight mineral claims (about 3,900 hectares) in British Columbia, payable in 1 million shares plus C$250,000 of exploration spending by September 2011. The same filing abandoned a uranium joint-venture option signed with USA Uranium only weeks earlier.
25 Sept 2009late filing notice▼ Bad
Lithium Exploration Group, Inc. notified the SEC that its annual report would be filed late.
4 Sept 2009auditor change▼ Bad
Second auditor change in four weeks: Seale & Beers quit after 28 days without doing any work, citing concern about how its independence would look, and Child, Van Wagoner & Bradshaw took over. Two auditors through the door in a month is a governance warning sign in itself.
12 Aug 2009auditor change● Neutral
Auditor Moore & Associates resigned and was replaced by Seale & Beers. Moore's past reports had been clean but carried a standing warning that the company might not survive as a going concern.
7 July 2009material agreement termination▼ BadMajor
Walked away from its only project: the 400-acre Nevada gold claims optioned from Gold Explorations in 2006 were handed back, ending all payment obligations and leaving the company (then Mariposa Resources) with no property at all.
21 Mar 2008director interest notice● Neutral
Lithium Exploration Group, Inc. insider Douglas Wayne Scheving sold 500,000 shares at $0.03.
21 Mar 2008director interest notice● Neutral
Lithium Exploration Group, Inc. CEO, CFO, CAO, Pres. Treas. Nanuk Warman bought 500,000 shares on the open market at $0.03.
6 Dec 2006director interest notice● Neutral
Douglas Wayne Scheving became a Lithium Exploration Group, Inc. director and company insider (initial ownership filing).
4 Dec 2006director interest notice● Neutral
Rossanna Vivo became a Lithium Exploration Group, Inc. President/PFO/PAO/Treasurer and company insider (initial ownership filing).
10 Oct 2006securities registration● Neutral
Lithium Exploration Group, Inc. filed the final prospectus for a registered offering.
20 Sept 2006securities registration● Neutral
Lithium Exploration Group, Inc. registered a small-business securities offering with the SEC.