representative work

Lithium Americas Completes US$172 Million Strategic Financing with Ganfeng Lithium


On June 7, 2017, Lithium Americas Corp. closed an investment agreement with GFL International Co., Ltd., a wholly-owned subsidiary of Jiangxi Ganfeng Lithium Co., Ltd., pursuant which Ganfeng Lithium agreed to provide Lithium Americas with an aggregate of approximately US$172 million in financing.

In connection with the closing of the investment agreement, the parties completed the issue and sale of the remaining 63,750,000 common shares at a price of C$0.85 per share for gross proceeds of approximately C$54 million (US$40 million), executed a credit agreement for a US$125 million credit facility and executed an off-take agreement for the purchase and sale of lithium products. 

Cassels Brock acted for Lithium Americas with a deal team that included David Redford, Brian Dominique, Jennifer Poirier (Securities and Mining), and David Budd and Jenna Clark (Financial Services).