Lithium Americas Prices US$350 Million Underwritten Public Offering
GlobeNewswire - 26 minutes ago
Lithium Americas Corp. (TSX:LAC.TO) (NYSE:LAC) ("Lithium Americas" or the "Company") announced today the pricing of its previously announced underwritten public offering (the "Offering") of 15,909,091 shares of its common stock (the "Common Shares") at a price to the public of US$22.00 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of US$350 million.
The Offering is being conducted through a syndicate of underwriters led by Canaccord Genuity, as lead book-running manager, Deutsche Bank Securities, Evercore ISI and Stifel, as joint book-running managers, and National Bank Financial and Cormark Securities, as co-managers (collectively, the "Underwriters").
The Company has granted the Underwriters an option to purchase up to 2,272,727 additional Common Shares (the "Over-Allotment Option") at the Issue Price, exercisable, in whole or in part, for up to 30 days after the closing of the Offering.
Closing is expected to occur on January 22, 2021 and is subject customary closing conditions, including approvals of the Toronto Stock Exchange and the New York Stock Exchange.
https://www.theglobeandmail.com/investing/markets/stocks/LAC-N/pressreleases/982144/
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