0001165527-12-000601.txt : 20120605 0001165527-12-000601.hdr.sgml : 20120605 20120605172725 ACCESSION NUMBER: 0001165527-12-000601 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120531 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20120605 DATE AS OF CHANGE: 20120605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lithium Corp CENTRAL INDEX KEY: 0001415332 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 980530295 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54332 FILM NUMBER: 12890047 BUSINESS ADDRESS: STREET 1: 200 S VIRGINIA ST - 8TH FLOOR CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 775.322.0626 MAIL ADDRESS: STREET 1: 200 S VIRGINIA ST - 8TH FLOOR CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: Utalk Communications Inc. DATE OF NAME CHANGE: 20071016 8-K 1 g6047.txt CURRENT REPORT DATED 5-31-12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 31, 2012 LITHIUM CORPORATION (Exact name of registrant as specified in its charter) NEVADA 000-54332 98-0530295 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 10597 DOUBLE R BLVD. SUITE 2, RENO, NEVADA 89521 (Address of principal executive offices) (Zip Code) (775) 410-5287 (Registrant's telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01 REGULATION FD DISCLOSURE On May 31, 2012, the directors of Lithium Corporation (the "Company") determined that due to current adverse market conditions it would be in the best interests of the Company to re-price an aggregate of 500,000 incentive stock options granted to directors and officers of the Company on September 23, 2010 with an exercise price of $0.28, and an aggregate of 400,000 incentive stock options granted to directors and officers of the Company on September 23, 2010 with an exercise price of $0.25 to reflect the closing price for the Company's common shares quoted on the OTC Bulletin Board on May 29, 2012 of $0.07. Also on May 31, 2012, the Company granted an aggregate of 400,000 incentive stock options to certain directors and consultants of the Company at an exercise price of $0.07, exercisable for a period of five years from the date of grant. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LITHIUM CORPORATION /s/ Tom Lewis ---------------------------------------------- Tom Lewis President and Director Date: June 5, 2012 3