# 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.

- Type: Acquisition
- Announced: 2016-12-01
- Where: Chile
- Value: $1.70M
- Status: announced
- Products: lithium and potassium mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Bearing Resources](https://endata.com/companies/20346.md) (acquirer)
- [Li3 Energy](https://endata.com/companies/20347.md) (target)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/newsmas-this-week-equator-resources-belvedere-resources-bearing-resources-5685343/), 2016-12-01: "Canada-based Bearing Resources has signed a letter of intent to acquire Chilean lithium and potassium mining company Li3 Energy or its assets."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.