Lithium Americas Announces Filing of Canadian Base Shelf Prospectus and U.S. Shelf Registration Statement
January 18 2018 - 9:04AM
Lithium Americas Corp. (TSX:LAC) (OTCQX:LACDF)
("Lithium Americas" or the "Company") announced
today that it has filed a preliminary short form base shelf
prospectus in each province of Canada, other than the Province of
Quebec, to qualify the distribution, from time to time over a
25-month period, of up to US$500 million of the Company’s debt and
equity securities. The Company also filed a corresponding shelf
registration statement with the U.S. Securities and Exchange
Commission (the “SEC”) on Form F-10 under the Multijurisdictional
Disclosure System.
The terms of future offerings, if any, will be
established at the time of such offerings. At the time any of the
securities covered by the shelf prospectus are offered for sale, a
prospectus supplement containing specific information about the
terms of any such offering will be filed with applicable Canadian
securities regulatory authorities and the SEC.
Tom Hodgson, CEO of Lithium Americas, commented,
“While we have no immediate plans to raise capital, the shelf
prospectus represents a prudent step to add financial flexibility
and efficiently access capital markets as the Company pursues
future growth opportunities in Argentina, Nevada and
elsewhere.”
The Canadian shelf prospectus has been filed
with the securities commission or similar regulatory authority in
each province of Canada other than Quebec, but remains subject to
completion or amendment. The shelf registration statement on
Form F-10 relating to the Company’s debt and equity securities has
been filed with the SEC but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted
until a receipt for the final short form base shelf prospectus has
been issued by the Canadian securities regulators and the
registration statement has become effective. This press
release does not constitute an offer of any securities for
sale. A copy of the prospectus included in the registration
statement may be obtained from the Company at the address below, on
the SEC’s website at www.sec.gov, or in Canada at
www.sedar.com.
About Lithium Americas
Lithium Americas, together with Sociedad Quimica
y Minera de Chile S.A. (“SQM”), is developing the Cauchari-Olaroz
lithium project, located in the Province of Jujuy, Argentina,
through its 50% interest in Minera Exar S.A. In addition, Lithium
Americas owns 100% of the Lithium Nevada project (formerly Kings
Valley project), and RheoMinerals Inc., a supplier of rheology
modifiers for oil-based drilling fluids, coatings, and specialty
chemicals. The Company trades on the Toronto Stock Exchange and
expects to trade, effective January 25, 2018, on the NYSE, under
the ticker symbol “LAC”.
For further information contact:Lithium
Americas Corp.Investor RelationsSuite 1100 – 355 Burrard
StreetVancouver, BC, V6C 2G8Telephone:
778-656-5820Email: ir@lithiumamericas.comWebsite:
www.lithiumamericas.com
Forward-looking statements
This news release contains “forward-looking
information” and “forward-looking statements” (which we refer to
collectively as forward-looking information) under the provisions
of applicable securities legislation. Such forward-looking
information is subject to various risks and uncertainties.
Forward-looking information in this news release includes the
statements regarding the timeframe for our plans to raise capital,
the ability of the shelf prospectus to add financial flexibility
and allow us to more efficiently access capital markets and the
timing of commencement of trading of the Company’s securities on
the NYSE. Forward looking information is subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information, including, but not limited to,
risks and uncertainties related to the timing of our potential
needs for additional capital and our ability to raise additional
capital. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements are made as of the date hereof and the
Company does not intend, and expressly disclaims any obligation to,
update or revise the forward-looking information contained in this
news release, except as required by law. Accordingly, readers are
cautioned not to place undue reliance on forward-looking
information.
Lithium Americas (TSX:LAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lithium Americas (TSX:LAC)
Historical Stock Chart
From Apr 2023 to Apr 2024