Refer to line 3 "Lithium Investors, L.L.C.", I believe the former Chairman transfered the shares into a holding company for tax benefits I assume.
"United States based Lithium Investors LLC will subscribe for 6.8m shares at an issue price of 38c per share raising $2.6m. Lithium Investors will become a cornerstone investor in Orocobre, and its President, James D. Calaway, will become Non-Executive Chairman of the Board of Orocobre."