20 January 2017
VIEW LITHIUM AMERICA FULL PRESENTATION
READ The rise and fall of lithium:
+60 million tons of opportunity
DETAILS
The Board of Directors of
The Bangchak Petroleum Public Company Limited
resolved to approve the additional investment by
BCP Innovation Pte. Ltd. (“BCPI”),
a subsidiary of the Company,
in Lithium Americas Corp. (“LAC”),
a listed company listed
in the Toronto Stock Exchange, Canada,
which is developing Lithium mining projects
in Argentina and the United States of America.
The key investment details are as follows:
1. Transaction Date:
The Investment Agreement between BCPI and LAC
was executed on January 19, 2017.
2. Involved Parties:
BCPI, as the investor, and LAC, as the issuer.
Relationship:
BCPI is holding approximately 6.7%
of the total paid-up capital of LAC
(as of September 30, 2016).
3. Transaction Details
3.1 Transaction Type:
BCPI shall subscribe for
50 million LAC newly-issued common shares,
at the purchase price of CAD 0.85 per share,
making the total investment value of CAD 42.50 million.
Such investment however is subject to the condition
that LAC shall arrange for a shareholders’ meeting
to secure an approval on issuance
of newly-issued common shares for private placement
offered for subscription by BCPI
at such agreed amount and price
no later than April 15, 2017.
Upon subscription for such newly-issued common shares,
BCPI will grant loan to LAC
in an amount of not exceeding USD 80 million
for funding of and/or lending to
Minera Exar S.A. (“Minera Exar”),
in which LAC holds 50% equity interest,
and which is holding mining concession
to explore and develop
Lithium mining project in Argentina,
based on the percentage of LAC’s investment
in Minera Exar.
The loan proceeds shall then be utilised
for the construction and operations
of Minera Exar’s Cauchari Olaroz Project.
In consideration of such lending, BCPI shall be entitled
to off-take Lithium and by-product Potash,
from Minera Exar,
under the Off-take Agreement at the agreed quantity
for a term of 20 years from the commencement date
of commercial production of the Cauchari Olaroz Project.
Terms and conditions for such lending and off-take purchase
shall be as those specified for in ordinary course
of business and at fair price fixed
in similar transaction between trading parties
of independent status and not of related parties.
4. Asset Details
4.1 Business Description Company name:
Paid-up capital: USD 108.5 million
(as of September 30, 2016)
Sale price per share: CAD 0.85 per share
(equivalent to USD 0.65 per share)
Type of Business: Lithium mining project
with a capacity of more than 50,000 tons per year
(the project is under development)
Location of Business: Jujuy Province, Argentina
and Nevada State, the United States of America
READ FROM FROM LITHIUM AMERICA
SOURCE : WWW.SET.OR.TH
For further information contact:
Lithium Americas Corp.
Investor Relations
Suite 1100 – 355
Burrard Street
Vancouver, BC, V6C 2G8
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
