Pasquale DiCapo

December 13, 2010 10:20 ET

Pasquale DiCapo Acquires Securities of Lithium Americas Corp.

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2010) - Mr. Pasquale DiCapo ("DiCapo"), 130 King Street West, Suite 2500, Toronto, Ontario M5X 1A9 announces that, on December 10, 2010, he acquired ownership of 350,000 common shares of Lithium Americas Corp. ("LAC") which securities were acquired by DiCapo directly. These securities represent approximately 0.47% of the current issued and outstanding common shares of LAC (the "Common Shares").

Immediately following the transaction noted above, DiCapo owned: (i) 5,527,911 Common Shares, of which 4,643,432 such Common Shares are owned by DiCapo directly and 884,479 such Common Shares are owned by DiCapo indirectly; and (ii) 121,716 common share purchase warrants (the "Warrants") (with each Warrant entitling the holder thereof to acquire an additional Common Share), which are owned by the Offeror directly. Such securities represent approximately 7.46% of the current issued and outstanding Common Shares (or approximately 7.61% on a partially diluted basis, assuming exercise of the Warrants only). In addition, immediately following the transaction noted above, a joint actor of DiCapo owned 2,009,541 common share purchase warrants of LAC (the "Joint Actor Warrants") (each Joint Actor Warrant entitling the holder thereof to acquire an additional Common Share), which securities were acquired by the joint actor directly. Such securities (i) represent approximately 2.64% of the current issued and outstanding Common Shares on a partially diluted basis, assuming exercise of the Joint Actor Warrants only; and (ii) when taken together with the securities owned by DiCapo, represent approximately 7.46% of the current issued and outstanding Common Shares (or approximately 10.04% on a partially diluted basis, assuming exercise of the Warrants and Joint Actor Warrants only). 

DiCapo acquired the Common Shares through the facilities of the Toronto Stock Exchange.

These transactions were made for investment purposes and DiCapo and his joint actor may from time to time acquire additional securities of LAC, dispose of some or all of the existing or additional securities of LAC they hold or will hold, or may continue to hold their current positions depending on market conditions or any other relevant factor.

To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact:
Shaun Drake
DSA Corporate Services Inc.
Tel: 416-848-0107
Fax: 416-848-0790
sdrake@dsacorp.ca
50 Richmond Street East,
Suite 101,
Toronto, ON M5C 1N7

Contact Information

  • DSA Corporate Services Inc.
    Shaun Drake
    416-848-0107
    416-848-0790 (FAX)
    sdrake@dsacorp.ca