11:54 AM EST - Lithium Americas Corp. : changed its financial year-end date from February 28 to December 31. This change was made to conform to a more standardized industry and calendar basis. As such, financial and operational results are presented for the 10-month period ended December 31, 2012, with comparative information for the year ended February 29, 2012. As at December 31, 2012, the Company had invested a total of $45.7 million in property rights, exploration, and evaluation activities related to its Cauchari-Olaroz lithium project. As at December 31, 2012, the Company had $1.0 million in cash and cash equivalents, and $7 million available under its stand-by line of credit facility. Given Lithium Americas is a development stage company, it is not yet in a position to generate any revenue, and as such, reported a net loss of $4.3 million during the 10-month period ended December 31, 2012. This resulted in a loss per share of $0.06. Lithium Americas Corp.
shares T.LAC are trading up $0.02 at $0.75.
