Aug 13 (Reuters) - Lithium Americas Corp LAC.TO :
* LITHIUM AMERICAS ANNOUNCES STRATEGIC TRANSACTION WITH GANFENG LITHIUM TO JOINTLY ADVANCE CAUCHARÍ-OLAROZ
* GANFENG LITHIUM TO PURCHASE SQM'S INTEREST IN MINERA EXAR; SQM WILL RECEIVE $87.5 MILLION IN CASH
* SQM WILL ALSO RECEIVE DEFERRED PAYMENT OF US$50 MILLION
* AS A RESULT OF TRANSACTION, ON CLOSING, GANFENG LITHIUM WILL OWN 37.5% OF MINERA EXAR
* GANFENG LITHIUM HAS AGREED TO PROVIDE LITHIUM AMERICAS WITH A US$100 MILLION SUBORDINATED LOAN FACILITY
* UNIT OF SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.TO SELL ITS INTEREST IN MINERA EXAR TO A UNIT OF JIANGXI GANFENG LITHIUM
* LITHIUM AMERICAS' INTEREST IN CAUCHARÍ-OLAROZ WILL INCREASE FROM 50% TO 62.5%
* CAUCHARI-OLAROZ CONSTRUCTION REMAINS ON TRACK FOR FIRST PRODUCTION IN 2020