Lithium Americas Oversubscribed Financing by $50 Million USVery deep pockets beginning to move into new Lithium processing operations.
With Biden's EV plan moving into high gear, there is clear recognition we are at the very early stages of the new oil & early money from deep pockets getting positioned ahead of the herd.
LAC went out for $350 Million (US) and closes on $400 Million (US).
LITHIUM AMERICAS CLOSES US$400 MILLION UNDERWRITTEN PUBLIC OFFERING
Lithium Americas Corp. has closed its previously announced underwritten public offering of shares of its common stock. The company issued 18,181,818 common shares, including 2,272,727 common shares following the exercise in full by the underwriters of their overallotment option. The shares were issued at a price of $22 (U.S.) per common share for gross proceeds to the company of approximately $400-million (U.S.).
Canaccord Genuity acted as lead book-running manager for the offering; Deutsche Bank Securities, Evercore ISI and Stifel acted as joint book-running managers; and National Bank Financial and Cormark Securities acted as co-managers.