Lithium Americas Announces Share Consolidation and Application to List on the NYSE American Stock Exchange in Addition to its TSX Listing

November 5, 2017

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 3, 2017) – Lithium Americas Corp. (TSX:LAC) (OTCQX:LACDF) (“Lithium Americas” or the “Company”) announced today that it has applied to list its common shares on the NYSE American stock exchange. In connection with the planned U.S. listing, and as previously authorized by its shareholders, the Company is implementing a consolidation of its outstanding common shares. The Company’s board of directors has determined that the consolidation will be effected on the basis of one new common share for every five currently outstanding common shares. The consolidation will take effect on November 8, 2017 and the Company’s common shares are expected to commence trading on the Toronto Stock Exchange on a post-consolidation basis beginning at the open of markets on November 8, 2017. There are currently 442,281,126 common shares issued and outstanding, and it is expected that there will be 88,456,225 common shares issued and outstanding following the consolidation, subject to rounding for any fractional shares. No fractional shares will be issued as a result of the share consolidation. Fractional interests of 0.5 or greater will be rounded up to the nearest whole number of shares and fractional interests of less than 0.5 will be rounded down to the nearest whole number of common shares.

Category: General