January 17, 2017 / 12:43 PM / in 9 months

BRIEF-Lithium Americas announces US$174 mln strategic investment by Ganfeng Lithium

Jan 17 (Reuters) - Lithium Americas Corp :

* Lithium Americas announces us$174 million strategic investment by Ganfeng Lithium

* Lithium Americas - Ganfeng agreed to financing terms in exchange for 19.9% of outstanding common shares of lithium Americas pro-forma

* Lithium Americas Corp - Ganfeng has agreed to purchase, by way of a private placement, 75 million common shares at a price of c$0.85 per common share

* Lithium Americas Corp -following close of private placement, Ganfeng will own approximately 19.9% of company’s issued and outstanding common shares

* Lithium Americas Corp- proceeds of private placement will be used to further advance company’s Cauchari-Olaroz lithium project

* Lithium Americas - Ganfeng also agreed to financing terms in exchange for right to buy portion of lithium carbonate production from cauchari-olaroz project

* Lithium Americas - Ganfeng also agreed to financing terms in exchange for us$125 million project debt facility Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below