SCOTTSDALE, AZ, Apr 15, 2014 (Marketwired via COMTEX) Lithium Exploration Group (OTCQB: LEXG) is pleased to announce the closing of a financing of $500,000. This financing consisted of an issuance by the company of a $550,000 original discounted convertible debenture and warrants. Unlike previous financings completed over the last year, this debenture is convertible at only a 35% discount on the average lowest common share price of the company in the most recent 20 trading days upon the date of conversion. The conversion discount of the financing is a 15% decrease of the conversion discount when compared to previous similar financings completed by the company (in which the conversion discounts were 50%). Establishing financings that are less dilutive upon conversion is key to our future strategy. We are using a good portion of this financing to pay off prior financings, commented CEO Alex Walsh. This new level of financing will serve as a benchmark, and we fully intend to further decr
http://www.publicwire.com/lexg-decreases-conversion-discount-in-new-financing/
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