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EX-99.1 - Li3 Energy, Inc.v188931_ex99-1.htm
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):  June 23, 2010

Li3 Energy, Inc.
(Exact name of registrant as specified in its charter)

Nevada
333-127703
20-3061907
(State or Other Jurisdiction
(Commission File
(I.R.S. Employer
of Incorporation)
Number)
Identification Number)

Av. Pardo y Aliaga 699
Of. 802
San Isidro, Lima, Peru
(Address of principal executive offices, including zip code)

(51) 1-212-1880
(Registrant’s telephone number, including area code)

Copy to:
Adam S. Gottbetter, Esq.
Gottbetter & Partners, LLP
488 Madison Avenue, 12th Floor
New York, NY  10022
Phone:  (212) 400-6900


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 (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))
 
 
 

 
 
This report and its exhibit contain “forward-looking statements.”  All statements other than statements of historical facts included in this report and its exhibit, including without limitation, statements regarding our financial position, estimated working capital, business strategy, the plans and objectives of our management for future operations and those statements preceded by, followed by or that otherwise include the words “believe,” “expects,” “anticipates,” “intends,” “estimates,” “projects,” “target,” “goal,” “plans,” “objective,” “should,” or similar expressions or variations on such expressions are forward-looking statements. We can give no assurances that the assumptions upon which the forward-looking statements are based will prove to be correct. Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from the forward-looking statements, including, but not limited to, our 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 conditions; political stability; and lithium prices.  For further information about the risks we face, see “Risk Factors” in Item 8.01 of our Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 14, 2010.

Except as otherwise required by the federal securities laws, we disclaim any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this Report to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
 
Item 7.01.            Regulation FD Disclosure

On June 23, 2010, Li3 Energy, Inc. (the “Company”) issued a press release relating to the completion of a geophysical orientation profile on the Pocitos lithium mining project in Argentina.  Attached hereto as Exhibit 99.1 and incorporated by reference herein is a copy of that press release.  The master option agreement pursuant to which the Company would to acquire up to an aggregate 85% interest in the Pocitos salar property has not yet closed, and closing thereunder is subject to certain customary conditions. There can be no assurance that the closing will occur.  For more information about the Company’s project at Pocitos, see “Description of Business—Our Projects—Argentina—Puna Lithium Transaction” in Item 8.01 of our Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 14, 2010, which description is incorporated herein by reference.
 
 
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Item 9.01             Financial Statements and Exhibits.
 
(d)  Exhibits
 
The following Exhibit is being furnished with this Report
 
Exhibit
Number
 
Description
     
99.1
 
Press Release dated June 23, 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.

 
Li3 Energy, Inc.
     
     
Dated:  June 23, 2010
By:
/s/ Luis Saenz
   
Name:  Luis Saenz
   
Title:  Chief Executive Officer
 
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EXHIBIT INDEX
 
Exhibit
Number
 
Description
     
99.1
 
Press Release dated June 23, 2010
 
 
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