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): July 13, 2017
Li3 Energy, Inc. |
(Exact name of registrant as specified in its charter) |
Nevada |
| 000-54303 |
| 20-3061907 |
(State or Other Jurisdiction of Incorporation) |
| (Commission File Number) |
| (IRS Employer Identification Number) |
Matias Cousiño 82, Of 806
Santiago de Chile, 8320269
Chile
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: +56 (2) 2896-9100
N/A
(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 (see General Instruction A.2. below):
¨ | 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. Other Events
On July 13, 2017, Bearing Lithium Corp. issued a press release announcing an updated Joint Ore Reserves Committee (“JORC”) resource estimate from the ongoing development work at the Maricunga lithium brine project located in Chile. The JORC report, dated July 12, 2017, was commissioned by Minera Salar Blanco S.A., a joint venture among Li3 Energy Inc., Minera Salar Blanco SpA, (“MSB”) and Lithium Power International Limited (“LPI”). Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga Project. Li3 currently holds a 17.7% interest in the Maricunga Project, with MSB and LPI holding a 32.3% and 50% interest, respectively, pursuant to a joint venture arrangement. Under the terms of the joint venture LPI has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study.
The information in this Current Report on Form 8-K under Item 7.01, including the accompanying press release, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by reference to such filing.
Item 9.01 Financial Statements and Exhibits
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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.
LI3 ENERGY, INC. | |||
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Dated: July 24, 2017 | By: | /s/ Luis Saenz |
|
Name: | Luis Saenz |
| |
Title: | Chief Executive Officer |
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