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Lithium Americas Corp (2)
Symbol LAC
Shares Issued 92,473,139
Close 2020-11-16 C$ 15.58
Recent Sedar Documents

Lithium Americas investor BCP sells 2.25 million shares

2020-11-16 18:29 ET - News Release

An anonymous representative of BCP Innovation reports

EARLY WARNING NEWS RELEASE

BCP Innovation Pte. Ltd. (BCPI), a subsidiary of Bangchak Corporation Public Company Ltd., pursuant to transactions through the facilities of the New York Stock Exchange during the period from Nov. 2, 2020, to Nov. 13, 2020, has disposed of an aggregate of 2,255,721 common shares of Lithium Americas Corp. The transferred shares were disposed of for aggregate consideration of $23,101,924.97 (U.S.) (equal to $30,372,100 based on the applicable exchange rate as of Nov. 13, 2020).

Immediately before the transactions that triggered the requirement to file this press release, BCPI had ownership of 14,154,251 common shares of the issuer, representing approximately 15.46 per cent of the then issued and outstanding common shares of the issuer. Following the transaction that triggered the requirement to file this press release, BCPI held direct ownership of 11,898,530 common shares of the issuer, representing approximately 13.00 per cent of the issued and outstanding common shares of the issuer.

BCPI disposed of the transferred shares for investment purposes. BCPI may sell or acquire additional common shares of the issuer either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) of the Canadian Securities Administrators. A copy of the early warning report filed by BCPI in connection with the disposition of the shares will be made available on the issuer's SEDAR profile, and it can also be obtained directly from BCPI.

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