Blue Wolf Mongolia Holdings Corp. Executes Memorandum of Understanding with Li3 Energy,... -- NEW YORK, March 20, 2013 /PRNewswire/ --: "NEW YORK, March 20, 2013 /PRNewswire/ -- Blue Wolf Mongolia Holdings Corp. (NASDAQ: MNGL) ("Blue Wolf" or the "Company") today announced the execution of a Memorandum of Understanding ("MOU") for a business combination with Li3 Energy, Inc. (OTCBB:LIEG), a US-listed exploration stage public company in the lithium mining and energy sector ("Li3"). Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project in Chile, coupled with the completion of the NI 43–101 Compliant Measured Resource Report, Li3's goals are to: (a) advance Maricunga to the Feasibility Stage; (b) support the global implementation of clean and green energy initiatives; (c) meet growing lithium market demand; and (d) become a mid-tier, low cost supplier of lithium, potassium nitrate, and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. "
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