4//SEC Filing
Campos Patricio A 4
Accession 0001144204-12-053465
CIK 0001334699other
Filed
Sep 27, 8:00 PM ET
Accepted
Sep 28, 12:09 PM ET
Size
6.8 KB
Accession
0001144204-12-053465
Insider Transaction Report
Form 4
Li3 Energy, Inc.LIEG.OB
Campos Patricio A
DirectorOther
Transactions
- Other
Common Stock
2012-09-07$0.07/sh+443,388$29,707→ 443,388 total
Holdings
- 18,375,000(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]The Reporting Person acquired the shares in exchange for the forgiveness of $29,707 owed to him by Li3 Energy, Inc., pursuant to a Stock Settlement Agreement, dated as of September 7, 2012.
- [F2]The Reporting Person is the Principal of Campos Mineral Asesorias Profesionales Limitada ("CMA"). CMA, together with five (5) other companies (collectively, the "Maricunga Sellers"), collectively have the right to nominate three of the Issuer's directors and that a fourth director (who shall hold of the position of Chairman of the Board) will be jointly nominated by the Maricunga Sellers and the Issuer's management. On October 23, 2011, the Issuer appointed the following three nominees of the Maricunga Sellers to its Board of Directors: Eduardo G. de Aguirre; Alan S. Fraser; and the Reporting Person. As a result of such director nomination rights, the Maricunga Sellers may be deemed to constitute a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended. The Maricunga Sellers own, in the aggregate, 122,500,000 shares of common stock of the Issuer, representing approximately 38.0% of the outstanding.
Documents
Issuer
Li3 Energy, Inc.
CIK 0001334699
Entity typeother
Related Parties
1- filerCIK 0001534198
Filing Metadata
- Form type
- 4
- Filed
- Sep 27, 8:00 PM ET
- Accepted
- Sep 28, 12:09 PM ET
- Size
- 6.8 KB