Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- Lithium Exploration Group Inc (OTCMKTS:LEXG) carries out the business of minerals exploration and development. The company, previously Mariposa Resources, Ltd., resource properties with a main focus on lithium. LEXG is operating Valleyview Project and Salta Project. Some other minerals of interest include calcium, magnesium, iodine, bromine and potassium.
Lithium Exploration Group held discussions with JDF Capital, the debt holder of the company. The companies discussed about restructuring the debt. The companies expect to reach a conclusion before January 6, 2014.
JDF Capital agrees that it won’t convert current notes and the company hopes that restructuring will help relax the balance sheet. The company’s CEO Alex Walsh says that company wishes to enter profitable ventures and investments help in such ventures a lot.
To find out what OTCMAGIC projects for Lithium Exploration Group Inc for both short term and long term please click here: LEXG
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