Lustros, Inc. (fka LSTS)

[sidedraft]

Bye bye Chile:

ITEM 8.01 OTHER EVENTS

On June 26, 2015, Lustros, Inc. (the “Company”) determined to provide notice to its shareholders of the upcoming public auction of the assets of the Chilean plant of Sulfatos Chile SA (the subsidiary of the Company). The auction shall be a public auction to take place on July 8, 2015 at 12:30 PM (Santiago time) at the offices of the following notary: Don Ivan Torrealba Acevedo, Calle Huerfanos 979, Piso 5, Santiago, Chile. Bidders must present an offer in a closed envelope pursuant to certain specified terms (knows as a “Carta Oferta”), along with a guaranteed deposit of 120,000,000 Chilean pounds. On the date specified, all envelopes will be opened and the assets sold to the highest bidder (and higher oral bidding is permitted after all of the envelopes are opened). The minimum sale price has been set at the equivalent of 50,000 UF (which is approximately $2,000,000). The final price must be paid to the liquidator of the assets within 30 days or a new auction is held. All assets are sold “as is”.

http://ih.advfn.com/p.php?pid=nmona&article=67480417

How did Zirk get it so wrong?