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) March 24, 2010
LITHIUM CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 333-148266 98-0530295
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
200 S Virginia St - 8th Floor, Reno, Nevada 89501
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (775) 322-0626
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 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
On March 24, 2010, we issued 2,000,000 units in a private placement, raising
gross proceeds of $2,000,000, or $1.00 per unit. Each unit consists of one
common share in the capital of our company and one non-transferable common share
purchase warrant. Each whole common share purchase warrant non-transferable
entitles the holder thereof to purchase one share of common stock in the capital
of our company, for a period of twelve months commencing the closing, at a
purchase price of $1.20 per warrant share and at a purchase price of $1.35 per
warrant share for a period of twenty-four months thereafter.
We issued all of the securities to three (3) non-U.S. persons (as that term is
defined in Regulation S of the Securities Act of 1933), in an offshore
transaction relying on Regulation S of the Securities Act of 1933.
ITEM 7.01 REGULATION FD DISCLOSURE
On March 25, 2010, we issued a news release announcing the closing of the
non-brokered private placement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 News Release dated March 25, 2010
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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
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Tom Lewis
President and Director
Date: March 25, 2010
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