Benzinga | Jul 12, 2021 09:05AM EDT

Lithium Americas Acquires 42,857,143 In Arena Minerals In a Private Placement At C$0.14/Receipt

Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced that it has entered into an agreement to acquire 42,857,143 subscription receipts of Arena Minerals Inc. (TSXV:AN) ("Arena Minerals") in a private placement at C$0.14 per subscription receipt for total consideration of C$6.0 million (US$4.8 million).