Li3 Energy, Inc. Announces the Initial Closing of Its Private Placement and Presents a Work Program Update

Li3 Energy, Inc. (OTCBB: LIEG) announced that it has completed the initial closing of its private placement offering for a total of 4,000,000 units of its securities to institutional and accredited investors and non-U.S.

The press release is quoted as saying:

Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina and Chile and the United States.

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