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Bonds News

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:

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