/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2017) - Lithium Americas Corp. (TSX:LAC)(OTCQX:LACDF) ("LAC" or the "Company") is pleased to announce that it has completed the initial common share subscription contemplated under the Investment Agreement with GFL International Co., Ltd. ("Ganfeng"), as previously announced on January 19, 2017. In accordance with the Agreement, the Company issued to Ganfeng 11,250,000 common shares at a price of C$0.85 per share, for an aggregate cash subscription of C$9,562,500. The common shares are subject to a four month hold expiring May 27, 2017.

About Lithium Americas

Lithium Americas, together with its joint venture partner SQM, is developing the Cauchari-Olaroz Lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar S.A. In addition, Lithium Americas owns 100% of the Lithium Nevada project (formerly Kings Valley project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals.