Two-year agreement negotiated with investor Centurion Private Equity
By Devika Patel
Knoxville, Tenn., Dec. 8 - Li3 Energy, Inc. negotiated a $10 million drawdown equity financing with Centurion Private Equity, LLC, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
Centurion has committed to purchase up to $10 million of the company's common stock over two years.
The lithium mining and energy company is based in Lima, Peru.
| Issuer: | Li3 Energy, Inc.
|
| Issue: | Equity financing
|
| Amount: | $10 million
|
| Tenor: | Two years
|
| Warrants: | No
|
| Investor: | Centurion Private Equity, LLC
|
| Announcement date: | Dec. 8
|
| Stock symbol: | OTCBB: LIEG
|
| Stock price: | $0.26 at close Dec. 8
|
| Market capitalization: | $22.21 million
|
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