0001165527-15-000039.txt : 20150129
0001165527-15-000039.hdr.sgml : 20150129
20150129160240
ACCESSION NUMBER: 0001165527-15-000039
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150127
ITEM INFORMATION: Termination of a Material Definitive Agreement
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20150129
DATE AS OF CHANGE: 20150129
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: 15558926
BUSINESS ADDRESS:
STREET 1: 5976 LINGERING BREEZE ST.
CITY: LAS VEGAS
STATE: NV
ZIP: 89148
BUSINESS PHONE: 775-410-5287
MAIL ADDRESS:
STREET 1: 5976 LINGERING BREEZE ST.
CITY: LAS VEGAS
STATE: NV
ZIP: 89148
FORMER COMPANY:
FORMER CONFORMED NAME: Utalk Communications Inc.
DATE OF NAME CHANGE: 20071016
8-K
1
g7730.txt
CURRENT REPORT DATED 1-27-15
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) January 27, 2015
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.)
5976 Lingering Breeze Street, Las Vegas NV 89148
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (775) 410-5287
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 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On January 27, 2015, we gave notice to Pathion, Inc., of the termination of the
asset purchase agreement entered into on August 15, 2014. The termination of the
agreement was due to the failure by Pathion to close the agreement according to
the agreed upon schedule in the agreement and the additional extensions provided
by our company.
ITEM 7.01 REGULATION FD DISCLOSURE
On January 28, 2015, we issued a news release with respect to the termination of
the asset purchase agreement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 News release dated January 28, 2015
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/ Brian Goss
---------------------------------
Brian Goss
President and Director
Date: January 29, 2015
2
EX-99.1
2
ex99-1.txt
PRESS RELEASE DATED 1-28-15
Exhibit 99.1
[LITHIUM CORPORATION LOGO]
NEWS RELEASE
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE OTCQB: LTUM
LITHIUM CORPORATION - PATHION ASSET PURCHASE AGREEMENT EXPIRATION
Las Vegas, NV - January 28, 2015 - [OTCQB - LTUM] "The Company" announces the
expiration of the Asset Purchase Agreement (APA) with Pathion, Inc., due to
Pathion's failure to close the agreement according to the agreed upon schedule
in the APA and its' extensions.
"We have notified Pathion that the agreement has expired" stated company
President Brian Goss, "Although this is disappointing to an extent, we feel that
Lithium Corporation will ultimately benefit by moving forward with new
valuations of our properties that include the news that Telsa's gigafactory, now
under construction, will be logistically in close proximity to them. We are
currently pursuing multiple opportunities to achieve our goals and remain very
excited about the future of the company".
For further information with regard to Lithium Corporation, please contact Tom
Lewis at Lithium Corporation at (775) 410-2206 or via email at
info@lithiumcorporation.com or view our new page at The Investors Hangout
http://investorshangout.com/Lithium-Corp-LTUM-63920/
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the
exploration for new battery related resources throughout North America, looking
to capitalize on opportunities within the ever expanding Lithium-Ion and next
generation battery markets. The Company maintains a strategic alliance with
Altura Mining, an ASX listed coal producer who is currently looking to spin off
their coal division into a Singapore listed start-up, and is searching for
off-take contracts for its 100% owned world-class Pilgangoora lithium pegmatite
property in Western Australia.
NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This current report contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to the construction of the Tesla Motors, Inc.
site in northern Nevada for battery manufacturing ", that the proximity of our
properties and exploration efforts to the location of the proposed Tesla factory
could give us an advantage with respect to establishing a role in their supply
chain, that Nevada may become an innovation center for battery research and
development, or that this may attract potential future business partners for
Lithium Corporation.
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 minerals 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.