Lions Bay Capital Inc.

Recent News

  • Lions Bay Capital Inc. Announces Non-Brokered Private Placement Financing and The Closing of Previously Announced Shares for Debt Transaction

    Vancouver, British Columbia--(Newsfile Corp. - November 17, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to announce that it has arranged a private placement financing (the "Financing") of up to 14,285,715 units at a price of $0.07 per unit for total gross proceeds of up to $1,000,000. Each unit consists of one common share and warrant, with each warrant exercisable into one additional common share at $0.085 for a period of 18 months...

    2020-11-17 9:15 AM ET
  • Lions Bay Capital Inc. Announces Shares for Debt Transaction

    Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to announce that it has entered into debt settlement agreements with creditors of the Company pursuant to which the Company has agreed to issue an aggregate of 18,955,340 common shares at a price of $0.05 per share ("Shares") in order to settle certain obligations of the Company totaling $947,767 (the "Transaction"), of which $797,767 relates to insiders of...

    2020-10-23 7:00 PM ET
  • Lions Bay Capital Inc. Provides Update on Proposed Acquisition of South African Gold Interest and Potential Funding

    Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) -  Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that further to the news releases on September 14, 2020 and October 18, 2020, the Salamander Mining International Limited ("Salamander") proposal to acquire a group of gold assets in South Africa currently under the control of a Business Rescue Practitioner is being reviewed by the creditors for consideration. As part of the agreement with Salamander, Lions Bay will have...

    2020-10-22 6:50 PM ET
  • Lions Bay Capital Inc. Reports $2,117,271 or $0.02 per Share of Net Income for the Three Months Ended August 31, 2020

    Vancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to report net income of $2,117,271 or $0.02 per share for the three (3) months ended August 31, 2020. Net income was derived from an increase in the fair value of the Company's investment portfolio from $3,449,504, as at May 31, 2020, to $5,260,259, as at August 31, 2020. The value of the portfolio has continued to...

    2020-10-15 6:15 PM ET
  • Lions Bay Capital Inc. Provides Update on Proposed Acquisition of South African Gold Interest

    Vancouver, British Columbia--(Newsfile Corp. - October 8, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces they have been advised by Salamander Mining International Limited ("Salamander") that Salamander's proposal to acquire a group of gold assets in South Africa currently under the control of a Business Rescue Practitioner has been distributed to the creditors for consideration. The assets are owned by subsidiaries of Vantage Goldfields Ltd ("Vantage"). Vantage was listed on the Australian...

    2020-10-08 4:49 PM ET
  • Lions Bay Capital Inc. Agrees to Acquire South African Gold Assets

    Vancouver, British Columbia--(Newsfile Corp. - September 14, 2020) -  Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that it has entered into a heads of agreement with Salamander Mining International Limited ("Salamander") under which LBI will have the right, subject to various conditions, to acquire an interest in a South African gold mine and milling complex. The companies that currently own the mines and mills are under bankruptcy protection and Salamander is a major creditor. Salamander...

    2020-09-14 3:50 PM ET
  • Lions Bay Capital Inc. Provides Corporate Update

    Vancouver, British Columbia--(Newsfile Corp. - September 1, 2020) -  Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") advises that the market value of its listed portfolio has increased from $3.4 million as at May 31,2020 to $6.0 million as at August 31,2020. In addition, the Company had receivables of $100,292 and liabilities of $1.7 million as at August 31, 2020. Lions Bay is highly leveraged to small price movements in its investments, all of which are progressing...

    2020-09-01 8:20 AM ET
  • Lions Bay Capital Inc. Provides Corporate Update

    Vancouver, British Columbia--(Newsfile Corp. - June 30, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") provides a corporate update and announces that the market value of the company's listed share portfolio as at May 31, 2020 was $3.4 million. In addition, the company had receivables of $223,000 and creditors totalling $1.25 million. The Company is highly leveraged to small price movements in its investments all of which are progressing major resource projects. The Company has...

    2020-06-30 7:45 AM ET