Bulletin de la Bourse
Lithium Americas Corp. (LAC) inscrit à la Bourse de Toronto
Issuer: | Lithium Americas Corp. ("New LAC") |
Security: | Common shares ("New LAC Shares") |
Symbol: | LAC |
Number of securities issued and outstanding: | 160,047,671 |
Number of securities reserved for issuance: | 55,632,253 |
Listing category: | Mining, Non Exempt |
Trading currency: | CDN$ |
Transaction: | The existing Lithium Americas Corp. (Symbol: LAC) ("Old LAC") anticipates completing a plan of arrangement (the "Arrangement") on Tuesday, October 3, 2023 to effect a separation of Old LAC into Lithium Americas (Argentina) Corp. ("Lithium Argentina") and New LAC. |
Listing and posted for trading date: | Wednesday, October 4, 2023 (at the opening) |
Exchange ratio: | Old LAC shareholders will receive, in respect of each common share of Old LAC ("Old LAC Share") held, one common share of Lithium Argentina ("Lithium Argentina Share") and one New LAC Share. |
Exchange procedure and payment of consideration: | Return letter of transmittal together with certificates or Direct Registration System advices representing Old LAC Shares to Computershare Investor Services Inc. at its principal offices in Toronto in order to receive Lithium Argentina Shares and New LAC Shares. |
Other market(s): | The New York Stock Exchange has posted a "when issued" market for the New LAC Shares as at the opening on October 2, 2023 (Symbol: LAC WI) and will commence "regular way" trading of the New LAC Shares at the opening on October 4, 2023 (Symbol: LAC). |
Designated market maker: | National Bank Financial Inc. |
Investor relations: | Virginia Morgan VP, Investor Relations and ESG virginia.morgan@lithiumamericas.com 778-656-5820 |
Incorporation: | Business Corporations Act (British Columbia) |
Fiscal year end: | December 31 |
Nature of business: | Upon completion of the Arrangement, New LAC will be a Canadian-based lithium resource company owning Old LAC's existing assets in North America including the 100% owned Thacker Pass Project, investments in Green Technology Metals Limited and Ascend Elements, Inc., and exploration properties in the United States and Canada. |
Transfer agent and registrar: | Computershare Investor Services Inc. at its principal offices in Vancouver. |
Dividends: | New LAC has not declared or paid any dividends since incorporation and does not anticipate paying dividends for the foreseeable future. |
Sponsorship: | Waived |
Disclosure document: | Old LAC's management information circular dated June 16, 2023 (the "Circular") and press release dated September 28, 2023, which are available at . Capitalized terms not otherwise defined herein are as defined in the Circular. |
Additional information: | See elsewhere in today's ÍÃ×ÓÏÈÉú bulletins regarding the substitutional listing of Lithium Argentina for Old LAC. |
TSX contact: | Anne Child, Managing Director, TSX Listings |