Lithium Americas Corp (LAAC)

[overlordpeter]

Orion Mine Finance owns 20,324,500 Shares of Western Lithium representing approximately 19.9% of the issued and outstanding Shares. Subject to availability, price, the general state of the capital markets and the financial condition of Western Lithium from time to time, Orion Mine Finance may purchase or sell securities of Western Lithium. The investment by Orion Mine Finance completes the terms of a sales and voting agreement between Concordia and Western Lithium, whereby Concordia agreed to dispose of its interest in Western Lithium to certain strategic investors approved by Western Lithium.

In addition to its equity interest, Orion Mine Finance holds a gross royalty on all production from Western Lithium's Kings Valley Project. It will consist of a gross revenue royalty of 8% until funding tranches have been repaid. The royalty will then be reduced to 4% for the life of the projects.

who has been selling is clear
http://thestockmarketwatch.com/stock/stock-data.aspx?stock=WLCDF&a=showInsiders

how long will it take to shake out there pockets is the big ? I am waiting for real news from western lithium on pricing and sales of there drilling muds and it would be nice to see some Income from this first stage. the picture of the one dump truck load of hectatone clay and commissioning crew just leaves be wondering when is the revenues going to be reported.