Lions Bay Capital Inc. Provides an Update on Savic Exploration
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2022) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay") or the "Company"), announces the receipt of the phase 2 drilling report from SRK Consulting (Australasia) Pty Ltd. ("SRK") on the rare earth discovery being evaluated by the Savic Minerals Pty Ltd ("Savic") joint venture. Lions Bay has the right to earn up to 50 per cent interest on the Savic ground by spending AUD $5 million (CAD $4.47 million) over 3 years from January 2022. The...
2022-06-17 9:23 AM EDT
Lions Bay Capital Inc. Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2022) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company"), announces that the value of the Company`s listed investment portfolio as at year ended May 31, 2022 was $10.9 million or an investment value of $0.08 per common share of the Company. These numbers exclude the Company's derivative financial instrument portfolio and unlisted investments to which Lions Bay is providing seed with a view to an eventual public listing....
2022-06-10 9:20 AM EDT
Lions Bay Capital Inc. Issues Early Warning Report
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2022) - Lions Bay Capital Inc. (TSXV: LBI) (the "Acquiror") announces that on April 12, 2022, it acquired ownership of an additional 3,500,000 Units of Fidelity Minerals Corp. (the "Issuer") at a price of $0.10 per Unit for aggregate consideration of $350,000, pursuant to a non-brokered private placement (the "Acquisition"). Each Unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder to...
2022-04-12 8:56 PM EDT
Lions Bay Capital Inc. Provides an Update on Savic Exploration
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2022) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company"), a Toronto Stock Exchange (TSX) listed company, announces they have received the accompanying technical report from SRK Consulting (Australasia) Pty Ltd. ("SRK") on the results from the recent drilling program on the exploration licences (ELs) held by Savic Minerals Pty Ltd (Savic) within western Victoria, Australia. The Savic EL lies immediately adjacent to the...
2022-01-20 9:24 AM EST
Lions Bay Capital Inc. Provides an Update on Savic Exploration
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that initial limited sampling results from the first five samples from five aircore holes on EL6968 held by Savic Pty Ltd. ("Savic") confirm that the rare earth mineralisation reported by Australian Rare Earths on the adjacent leases extends into the Savic area. The following report and map has been received by LBI's consultants SRK Consulting...
2021-12-08 4:05 PM EST
Lions Bay Inc. Issues Early Warning Report
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2021) - Lions Bay Capital Inc. (TSXV: LBI) (the "Acquiror") announces that on December 3, 2021, it acquired ownership of an additional 7,400,000 common shares of Fidelity Minerals Corp. (the "Issuer") by way of warrant exercises for total consideration of $388,000 (the "Acquisition"). Prior to the Acquisition, the Acquiror owned an aggregate of 25,311,811 common shares of the Issuer, representing approximately 40.81% of the issued and...
2021-12-03 5:21 PM EST
Lions Bay Capital Inc. Provides an Update on the Loan and Option Agreement with Salamander Mining International Ltd.
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") provides an update on the previously announced loan and option agreement ("the Agreement") with Salamander Mining International Ltd. ("Salamander") (see news releases on June 17, 2021 and October 10, 2021). Lions Bay has been advised by Salamander that construction of the new 20,000 tonne per month gold tailings treatment plant is now complete and civil works...
2021-12-02 9:00 AM EST
Lions Bay Capital Inc. Provides an Update on Sale of Investments
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that it has sold 106,904 common shares of Li-Metal Corp. (CSE: LIM) for gross proceeds of approximately $851K. The proceeds will be used for working capital purposes including: further assessment of the Company's optioned mineral tenements held by Savic Pty Ltd. ("Savic") in Western Victoria, Australia; further support of the Company's loan and option...
2021-11-25 9:15 AM EST
Lions Bay Capital Inc. Provides an Update on Savic Exploration
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that it has received the following update from the Company's geological consultants, SRK Consulting (Australasia) Pty Ltd ("SRK") regarding the drill testing of the mineral tenements held by Savic Pty Ltd ("Savic") in Western Victoria, Australia, as initially announced in the Company's October 8, 2021 news release. The Company has paid AUD $200,000...
2021-10-19 4:01 PM EDT
Lions Bay Capital Inc. Provides an Update on Savic Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that drilling has commenced on the mineral tenements held by Savic Pty Ltd ("Savic") in Western Victoria, Australia. The drill program aims to test the extension of rare earth mineralisation on the Savic ground which lies adjacent to the discovery by Australian Rare Earths Ltd in near surface clays. Lions Bay expects to complete a total of 16 short...
2021-10-08 9:15 AM EDT
Lions Bay Capital Inc. Provides an Update on the Loan and Option Agreement with Salamander Mining International Ltd.
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that it has advanced USD $510,000 to Salamander Mining International Ltd. ("Salamander") as part of the previously announced loan and option agreement (see news release on June 17, 2021) of up to USD $1 million it has agreed to provide. Lions Bay expects to provide a minimum of a further USD $300,000 over the next few months which will enable Salamander...
2021-10-01 9:26 AM EDT
Lions Bay Capital Inc. Reports Earnings for the Year Ended May 31, 2021
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces the Company earned net income of $6.1 million, or $0.05 per share, for the year ended May 31, 2021, compared to a net loss of $432,321, or $0.00 per share, for the year ended May 31, 2020. Total shareholders' equity increased from $2.3 million to $11.0 million from May 31, 2020 to May 31, 2021 as a result of the market value of the Company's...
2021-09-28 9:10 AM EDT
Lions Bay Capital Inc. Announces Update on Potential Rare Earth Project in Western Victoria, Australia
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces they have received a high level independent review from SRK Consulting (Australasia) Pty Ltd ("SRK") of the mineral potential of the exploration licences and licence applications of Savic Minerals Pty Ltd ("Savic") in Western Victoria, Australia. As reported in the Company's news release on August 25, 2021, LBI has entered into an option agreement...
2021-09-17 9:15 AM EDT
Lions Bay Capital Inc. Announces Closing of Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to announce that it has closed the non-brokered private placement (the "Private Placement") previously announced in its News Release dated August 30, 2021. For the Private Placement, the Company issued a total of 7,048,889 units (each, a "Unit") at $0.08 per Unit for gross proceeds of $563,911. Each Unit consists of one common share and one half of...
2021-09-14 5:31 PM EDT
Lions Bay Capital Inc. Announces Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - 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 7,000,000 units at a price of $0.08 per unit for total gross proceeds of up to $560,000. Each unit consists of one common share and one-half warrant, with each full warrant exercisable into one additional common share at $0.10 for a period of 2 years after the...
2021-08-30 9:15 AM EDT
Lions Bay Capital Inc. Enters into Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that on August 23, 2021 the Company entered into an option agreement, which if exercised, enables the Company to enter into a joint venture ("JV") on promising rare earth exploration licenses in Western Victoria, Australia. The exploration licenses are held by Savic Pty Ltd. ("Savic") and are immediately adjoining and contiguous with the recently...
2021-08-25 9:32 AM EDT
Lions Bay Capital Inc. Arranges Additional Debt Financing
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that the Company has arranged a subsequent advance of USD $100,000 from Riverfort Global Capital Ltd. on behalf of Riverfort Global Opportunities PCC Ltd. (the "Lender") on the previously announced amended secured loan facility (see news release on June 30, 2021). The proceeds of this advance will supplement existing cash resources to fulfill a...
2021-08-20 6:13 PM EDT
Lions Bay Capital Inc. Amends Riverfort Debt Facility and Arranges Additional Debt Financing
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that the Company has amended the secured loan facility ("Loan Facility") with Riverfort Global Capital Ltd. on behalf of Riverfort Global Opportunities PCC Ltd. (the "Lender"). The Loan Facility has amended the previously announced secured facility (see news release on March 15, 2018) and amended on July 4, 2019 to increase the Loan Facility to USD $2.0...
2021-06-30 7:43 PM EDT
Lions Bay Capital Inc. Enters into Loan and Option Agreement with Salamander Mining International Ltd.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that it has entered into a loan and option agreement with Salamander Mining International Ltd. ("Salamander") as a result of which it may earn a direct cash flow from gold processing within the next year. Under the terms of the agreement Lions Bay will: Loan Salamander $US1 million over the next four months secured by a first charge over its assets;...
2021-06-17 9:15 AM EDT
Lions Bay Capital Inc. Arranges Debt Financing
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that the Company has arranged a subsequent advance of USD $500,000 from Riverfort Global Capital Ltd. on behalf of Riverfort Global Opportunities PCC Ltd. (the "Lender") on the previously announced secured loan facility (see news release on March 15, 2018) and amended on July 4, 2019. The proceeds of this advance will be used by the Company to...
2021-04-22 8:48 PM EDT