http://www.marketwired.com/press-re...stment-by-ganfeng-lithium-tsx-lac-2188754.htm Ganfeng has agreed to financing terms in an aggregate amount of US$174 million in exchange for 19.9% of the outstanding common shares of Lithium Americas pro-forma (the "Private Placement"); the right to buy a fixed portion of the lithium carbonate production from the Cauchari-Olaroz project (the "Offtake Entitlement"); and a US$125 million project debt facility (the "Project Debt Facility").
So, 19.9% of LAC who have 50% of Exar (with SQM holding the other 50%), where stage 1 is 25 ktpa - what does this imply about valuation at Olaroz...?
ORE Price at posting:
$4.35 Sentiment: Buy Disclosure: Held