Bearing Resources to acquire Li3 Energy or its assets

Bearing Resources signed a letter of intent to acquire Chilean lithium and potassium mining company Li3 Energy or its assets. Consideration includes 16 million common shares and assumption of debts up to $1.7 million.

“Canada-based Bearing Resources has signed a letter of intent to acquire Chilean lithium and potassium mining company Li3 Energy or its assets.”mining-technology.com

• 1 source
• mining-technology.comM&As this week: Equator, Belvedere, Bearing Resources - Mining TechnologyPraveenDec 1, 2016

Summarized from public sources; check the original articles before acting on it.