Lithium Americas Corp.

Lithium Americas Corp.

March 16, 2010 12:57 ET

Lithium Americas Corp. Files Preliminary Prospectus for Initial Public Offering

TORONTO, ONTARIO--(Marketwire - March 16, 2010) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Lithium Americas Corp. (the "Company") announces that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec, in connection with a proposed initial public offering (the "Offering") of its common shares (the "Common Shares").

The syndicate of underwriters for the Offering is being co-led by GMP Securities L.P., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd., and includes Canaccord Financial Ltd., and Byron Securities Limited.

Latin American Minerals Inc.'s subsidiary has granted an over-allotment option to the underwriters to purchase up to 15% additional Common Shares sold in connection with the Offering to cover over-allotments, if any, and for market stabilization purposes.

A copy of the Company's preliminary prospectus is available on the SEDAR website at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Company and its management as well as financial statements.

About the Company

Lithium Americas Corp. is an exploration company focused on the exploration of lithium, potassium, borax and other minerals in South America.

Contact Information