Current Report Filing (8-k)
11 October 2016 - 11:17AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
October
11, 2016 (October 5, 2016)
Li3 Energy, Inc.
(Exact name of registrant as specified in
its charter)
Nevada
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000-54303
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20-3061907
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(State or Other Jurisdiction
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(Commission File
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(IRS Employer
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of Incorporation)
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Number)
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Identification Number)
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Matias Cousiño 82, Of 806
Santiago de Chile, 8320269
Chile
(Address of principal executive offices)(Zip
Code)
Registrant’s telephone number, including
area code:
+56 (2) 2896-9100
N/A
(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):
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material Definitive Agreement.
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As previously disclosed
on a Current Report on Form 8-K filed on September 12, 2016, Li3 Energy, Inc. (the “
Company
”) entered into an
agreement (the “
Original Agreement
”) with Minera Salar Blanco S.p.A., a stock company duly incorporated under
the laws of Chile (“
MSB
”). Pursuant to Section 6 of the Original Agreement, MSB agreed to grant the Company
a non-revolving facility (the “
Facility
”) in the amount of $300,000 (with a maximum drawing of $150,000 per
year and an interest rate of 8.5% per annum) due and payable in full on the 24-month anniversary of the first disbursement under
the Facility.
On October 5,
2016, the Company and MSB entered into an amendment (the “
Amendment
”) to the Original Agreement. The
Amendment deleted Section 6 of the Original Agreement in its entirety. Accordingly, the Facility has been terminated and is
no longer in effect. The other terms and provisions of the Original
Agreement remain in full force and effect.
The
foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is
filed hereto as Exhibit 10.1.
Item 9.01
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Financial Statements and Exhibits
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Exhibit No.
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Description
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10.1
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Amendment to Agreement between Minera Salar Blanco S.p.A. and Li3 Energy, Inc., dated October 5, 2016.
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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.
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LI3 ENERGY, INC.
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Dated: October 11, 2016
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By:
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/s/ Luis Saenz
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Name: Luis Saenz
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Title: Chief Executive Officer
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