Li3 Energy (LIEG.OB) Acquires Major Chilean Nitrate-Iodine Resource
Li3 Energy, Inc., www.li3energy.com – the lithium mining and energy sector firm pursuing a strategy of identifying and obtaining a solid portfolio of lithium brine deposits in the Americas, reported execution of a stock purchase agreement (SPA) today with private equity funds (the Sellers) managed by Pacific Road Capital Management (PRCM) to acquire a Cayman-based company with 100% interest in the 6,670-acre Alfredo Project, a rich nitrate-iodine resource in northern Chile. Booming demand for lithium from both battery manufacturers and the emerging clean/green energy sector puts LIEG in prime market position to capitalize on its strategy. CEO of LIEG, Luis…