LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Does our definitive agreement mean we are stuck with Bearing.
The merger with Bearing is not complete until both parties vote in favor of the merger.
I can't find a specific drop dead date in the announcements which would trigger a kill-the-deal reaction or expiration per se
http://www.li3energy.com/news-media/news_pdfs/2017/20170131-Bearing-Li3-Merger-Agreement-Press-Release-FINAL.pdf
also
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2019-tsx-venture/brz/29549-bearing-resources-provides-exploration-review-and-transaction-update.html

Bearing has filed an F-4 Registration Statement with the SEC regarding this merger with LIEG ONLY, but there is clearly an escape clause in bold print located just under the CEO's signature Click Here. That fine-print escape clause probably works both ways fairly effectively. As far as I can guess it looks like we (LIEG) could go out on dates with other suitors, play kissy face and perhaps even go to 2nd base without too much backlash even next week if the mood were to spontaneously strike us for instance.

With LPI (26.4% partner) we are fairly well married (in the bigger grander scheme) until the completion of a Definitive Feasibility Study in late 2018 Click Here which corresponds to completing the Phase 2 & Phase 3 work and would then matriculate LPI up higher to a 50% partnership with LIEG AND MSB assuming the next $15.05M tranche is paid by LPI.

The Doctor