Tenders of Blue Wolf ordinary shares must be made prior to the Expiration Date, and may be withdrawn at any time prior to the Expiration Date. The Tender Offer is subject to conditions and other terms set forth in the Offer to Purchase and related Tender Offer materials. In particular, the Tender Offer is conditioned on Blue Wolf's reasonable judgment that the Transaction is capable of being consummated contemporaneously with the Tender Offer. If Blue Wolf terminates the Tender Offer, it will not (i) purchase any ordinary shares pursuant to the Tender Offer or, (ii) consummate the Transaction with Li3.
Blue Wolf's board of directors has unanimously: (i) approved the making of the Tender Offer, (ii) declared the advisability of the Transaction and approved the Agreement and Plan of Merger and the transactions contemplated thereby, and (iii) determined that the Transaction is in the best interests of the shareholders of Blue Wolf. Blue Wolf shareholders who tender their ordinary shares in the Tender Offer will not be participating in the Transaction because they will no longer hold any such ordinary shares of Li3 Energy Corp., which will be the public holding company for the operations of Li3 following the consummation of the Transaction.
Morrow & Co., LLC is acting as the information agent for the Tender Offer, and the depositary is Continental Stock Transfer & Trust Company. The Offer to Purchase, a letter of transmittal and related documents are being prepared for mailing today to Blue Wolf's shareholders of record and will be made available for distribution to beneficial owners of Blue Wolf's ordinary shares as soon as practicable. For questions and information, please call the information agent toll free at (800) 662- 5200 (banks and brokers call (203) 658-9400).
This announcement is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell ordinary shares of Blue Wolf. The solicitation of offers to buy ordinary shares of Blue Wolf will only be made pursuant to the Offer to Purchase dated May 21, 2013 (as amended or supplemented), the letter of transmittal, and other related documents that Blue Wolf will send to its shareholders. The Tender Offer materials contain important information that should be read carefully before any decision is made with respect to the Tender Offer. Those materials are being distributed by Blue Wolf to its shareholders at no expense to them. In addition, all of those materials (and all other offer documents filed with the SEC) will be available at no charge on the SEC's website at www.sec.gov and from Morrow & Co., LLC.
About Li3 Energy, Inc.
Li3 Energy, Inc. is an exploration stage public company in the lithium mining and energy sector. 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, the recently acquired Cocina property, 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. Additional information regarding Li3 can be found in its recent filings with the SEC as well as on its website www.li3energy.com.
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