Is Lithium Americas (TSX: LAC)(OTCQX: LACDD) going up after today’s 8% downtrend ? We definitely think so here at StockWatch.Htop. The recent news of restructuring in the boardroom with Ms. Jean M. Fraser having been appointed to the Company’s Board of Directors.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 27, 2017) – Lithium Americas Corp. (“Lithium Americas” or the “Company”) (TSX: LAC)(OTCQX: LACDD) is pleased to announce that Ms. Jean M. Fraser has been appointed to the Company’s Board of Directors.
Ms. Fraser has had a distinguished legal career as a partner and leader at Osler, Hoskin & Harcourt LLP, a pre-eminent Canadian law firm. She has been a leading advisor of boards and management of prominent public companies on corporate governance, multi jurisdictional transactions and other business critical matters.
Lithium Americas’ Chairman, George Ireland commented: “Ms. Fraser is a highly regarded corporate counsel and expert in the area of corporate governance. She brings a wide array of business experience, and we are very pleased to welcome her to the Board of Lithium Americas.”
About Lithium Americas
Lithium Americas, together with its joint venture partner, Sociedad Quimica y Minera de Chile S.A., 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, and 100% of RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals.
FOR FURTHER INFORMATION PLEASE CONTACT: Lithium Americas Corp. Investor Relations Suite 1100 – 355 Burrard Street, Vancouver, BC, V6C 2G8 778-656-5820 firstname.lastname@example.org www.lithiumamericas.com Source: Lithium Americas Corp.
As of the end of September (Lithium Americas Corp.) LAC’s insiders have invested approximately 460,500 shares into the equity within the past three months. On average, insiders buying more shares in their own firm than they are selling sends a bullish signal. A two-decade research published in The MIT Press (1998) showed that stocks following insider buying outperformed the market by ~4.5%.
With a multitude of positive catalysts, the couple mentioned above, as well as the the overall buzz around lithium and cobalt currently (
further articles forthcoming Article Here) we believe very strongly here that the below $13 mark is a fantastic time to start an investment or add to your current position.
Good Luck !
** we are currently long in TSE:LAC but as always the opinions stated are that just opinions, you make and are responsible for your choices and investments