Exhibit 99.3
LITHIUM AMERICAS (ARGENTINA) CORP.
LITHIUM AMERICAS CORP.
NOTICE OF CHANGE IN CORPORATE STRUCTURE
Pursuant to Section 4.9 of National Instrument 51-102
1. | Names of the Parties to the Transaction |
Lithium Americas (Argentina) Corp. (“Lithium Argentina”), formerly Lithium Americas Corp. (“Former LAC”)
Lithium Americas Corp. (“Lithium Americas (Newco)”), formerly 1397468 B.C. Ltd. (“Spinco”)
2. | Effective Date of the Transaction |
October 3, 2023.
3. | Description of the Transaction |
On October 3, 2023, Former LAC was reorganized into two independent companies (the “Separation”), Lithium Argentina and Lithium Americas (Newco), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”). Pursuant to the Arrangement, the North American business of Former LAC, which includes Former LAC’s ownership and rights in the Thacker Pass lithium project, its investment in Green Technology Metals Limited and Ascend Elements Inc., among other things, was transferred to Lithium Americas (Newco).
In connection with the Arrangement, holders of common shares of Former LAC (“Former LAC Shares”) will be entitled to receive one common share of Lithium Argentina and one common share of Lithium Americas (Newco) for every Former LAC Share held immediately before the effective time of the Arrangement.
In connection with the Arrangement, the name of Lithium Argentina was changed from “Lithium Americas Corp.” to “Lithium Americas (Argentina) Corp.” and the name of Lithium Americas (Newco) was changed from “1397468 B.C. Ltd.” to “Lithium Americas Corp.”.
For additional information relating to the Arrangement, please refer to the management information circular of Former LAC dated June 16, 2023 (the “Circular”), which is available on the SEDAR+ profile of Lithium Argentina at www.sedarplus.ca.
4. | Name of each Party that Ceased to be a Reporting Issuer subsequent to Event and of each Continuing Entity |
Lithium Argentina will continue to be a reporting issuer in British Columbia, Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Québec, Saskatchewan, Yukon (collectively, the “Reporting Jurisdictions”).
As a result of the completion of the Arrangement, Lithium Americas (Newco) became a reporting issuer in all of the Reporting Jurisdictions, except Ontario where it will become a reporting issuer once its shares are listed and posted for trading on the Toronto Stock Exchange, which is expected to occur on October 4, 2023.