TransactionsLithium Americas Corp. Closes its Initial Public OfferingPublished: 07/12/2010 By Joan Beck, Angela Chu, Jay Goldman On May 13, 2010. Lithium Americas Corp. closed the initial public offering of its common shares. The common shares are listed on the Toronto Stock Exchange (TSX) under the symbol “LAC.” Pursuant to the Offering, the Company issued 24,324,400 common shares at an issue price of $1.85 per common share for gross proceeds to the Company of $45,000,140. The net proceeds of the Offering will be used towards the exploration and development program on the Company’s Cauchari-Olaroz lithium and potassium properties and for general working capital purposes. The syndicate of underwriters for the Offering was co-led by GMP Securities L.P., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd., and includes Canaccord Financial Ltd. and Byron Securities Limited. PowerOne Capital Markets Limited was also retained to provide capital markets advice to the Company. Cassels Brock acted for the underwriters with a team that included Jay Goldman (Securities and Mining), Joan Beck (Securities), Angela Chu (Securities) and Duane Milot (Tax). |