Li3 Energy: Final Agreement to Acquire Puna Lithium Assets

- March 24th, 2010

Li3 Energy, Inc. (OTCBB: LIEG), reported that the company has executed definitive purchase agreements to acquire the rights of Puna Lithium Corporation over certain Argentinean assets.

Li3 Energy, Inc. (OTCBB: LIEG) reported that the company has executed definitive purchase agreements to acquire the rights of Puna Lithium Corporation over certain Argentinean assets.

The press release s quoted as saying:

The rights include (i) three options to acquire from Lacus Minerals S.A. (“Lacus”) (an Argentinean corporation, and the current owner of the Rincon, Centenario and Pocitos properties) up to an aggregate of eighty-five percent (85%) interest in approximately 90,000 acres situated on prospective brine salars (“salt flats”) in Argentina; and (ii) the acquisition of Noto Energy S.A. (“Noto”), an Argentinean corporation which owns a one hundred percent (100%) interest over 2,995 acres also situated on promising brine salars in Argentina, (the “Puna Lithium Portfolio”).

Click here to access the entire press release

Click here to access Li3 Corporate Site

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