Lithium Americas falls on $1 billion mixed shelf offering

U.S. listed shares of Lithium Americas LAC.N, LAC.TO fall ~8% at $2.89 premarket

Company late on Thursday filed for mixed shelf offering of about $1 billion

LAC plans to use proceeds from both share offerings to finance capital expenditures, repay debt and for other general purposes

Company on Thursday posted a Q1 net loss of $11.5 million compared to a loss of $6.3 million a year ago

As of last close, shares were up 6.4% YTD