Lithium Americas Gets $10 Million Stand-By Credit Facility

Lithium Americas Corp. (TSX:LAC) has secured a $10 million stand-by credit facility from Geologic Resource Partners LLC, Pinetree Capital Ltd, and PowerOne Capital Markets Limited.

As quoted in the press release:

Under the Credit Facility, Lithium Americas has the ability to draw down amounts in increments of $2 million, with repayment of any draw down to be made by January 6, 2015.

Click here to read the Lithium Americas Corp. (TSX:LAC) press release.