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| 8-K - Li3 Energy, Inc. | v176129_8k.htm |
Li3
Energy Appoints David Wahl and Antonio Ortúzar as Directors
Press Release Source: Li3
Energy, Inc. On Friday February 19, 2010, 6:00 am EST
LIMA,
PERU--(Marketwire - 02/19/10) - Li3 Energy, Inc. (OTC.BB:LIEG
- News),
("Li3 Energy" or the "Company") is pleased to announce the appointments of David
G. Wahl and Antonio Ortúzar to its Board of Directors, effective
immediately.
David G.
Wahl, P. Eng., P.Geo., is a noted mining professional combining extensive
international experience with a knowledge and understanding of mining finance.
Mr. Wahl is President and CEO of Southampton Associates - Consulting Engineers
& Geoscientists which provides mining sector consulting and technical
services to corporate clients, financial institutions and governments. A
graduate of the Colorado School of Mines, with a degree of Engineer of Mines, he
has reported on mineral exploration and developments in over 60 countries. Mr.
Wahl is a technical advisor to prominent financial institutions, government
agencies, and national legal and accounting firms. He is a member of the
Institute of Corporate Directors and currently sits on a number of Boards of
Directors of publicly traded mining companies. Over the past years, Mr. Wahl has
spent considerable time in China examining potential opportunities on the
Salares of the Qinghai Plateau, Qinghai Province and more recently has
undertaken an examination of the Salares on the Puna of Argentina.
Mr.
Antonio Ortúzar is a legal expert and member of the Chilean Bar Association. His
areas of practice include Project Finance, Mergers and Acquisitions, Securities,
Telecommunications, Capital Markets, and Mining Law. Mr. Ortúzar has assisted
many clients on all aspects of proposed international joint ventures, project
finance, foreign investments, corporate and commercial arrangements in the
mining and infrastructure sectors. In addition to his role as legal counsel, Mr.
Ortuzar has participated as a business partner in a number of ventures in the
mining sector in South America. He has also advised on the issue of bonds and
placement of shares on the Chilean Stock Exchange, and ADR on the NYSE. Mr.
Ortúzar held the position of Assistant Professor, Economics Law at the
Law-School of the Universidad Finis Terrae and was educated at Universidad
Gabriela Mistral, Santiago, Chile (Licensee in Juridical and Social Sciences,
LL.B., 1988).
Luis
Saenz, CEO of Li3, commented, "This is a very positive pair of appointments for
us, especially coming at this time. Mr. Wahl brings an extensive professional
background and recent experience in one of our primary target regions alongside
a solid understanding of the territory, markets and industry as a whole. Mr.
Ortúzar offers us solid legal expertise and an understanding both of what we do,
and how we can overcome potential pitfalls as we go about growing our business
in South America. We are grateful to have them both on board and welcome them to
the team."
In
related news, Mr. Douglas Perkins has stepped down from his position as a board
member.
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About Li3
Energy, Inc. (OTC.BB:LIEG
- News)
Li3
Energy, Inc. is an early stage, U.S. public company currently pursuing a
business strategy in the lithium brine mining and energy sector in the Americas,
with an initial focus on identifying and acquiring opportunities in Peru,
Argentina, Chile and the United States. Li3 Energy aims to acquire a significant
portfolio of lithium brine deposits in the Americas for the purpose of
development and production in order to meet growing market demand and to support
the clean energy and green energy initiatives being implemented globally. For
more information, visit: www.li3energy.com.
Forward-Looking
Statements Certain statements in this news release are forward-looking
statements. These statements are subject to risks and uncertainties. Words such
as "expects," "intends," "plans," "proposes," "hopes," "may," "could," "should,"
"anticipates," "likely," "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on current
facts and analyses and other information and assumptions of management. Actual
results may differ materially from those currently anticipated due to a number
of factors beyond the reasonable control of Li3 Energy, including, but not
limited to, Li3 Energy 's ability to identify appropriate corporate acquisition
and/or joint venture opportunities in the lithium mining sector and to establish
the technical and managerial infrastructure, and to raise the required capital,
to take advantage of, and successfully participate in such opportunities; future
economic condition; political stability; and lithium prices. Additional
information on risks and other factors that may affect the business and
financial results of Li3 Energy can be found in Li3 Energy's annual, quarterly
and current reports and other documents filed with the U.S. Securities and
Exchange Commission and available at www.sec.gov.
Per: Luis
Saenz, CEO
Contact:
INVESTOR
RELATIONS
Adam
Chambers
Phone:
315-229-4408
Fax: 315
-506-6725
Email
Contact
www.li3energy.com
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