Lions Bay Capital Inc. Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces the Company earned a net profit of $4,647,569 for the three months ended February 28, 2021 compared to a net loss of $143,841 in the three months ended February 29, 2020. Net profit for the nine months ended February 28, 2021 has increased to $7,733,842 or $0.07 per share compared to a net loss of $673,589 or $0.01 pe
2021-03-09 1:18 PM EST
Lions Bay - Early Warning Report
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2021) - Lions Bay Capital Inc. (TSXV: LBI) (the "Acquiror") announces that on March 4, 2021 it acquired ownership of an additional 1,000,000 common shares of Fidelity Minerals Corp. (TSXV: FMN) (the "Issuer") at a price of $0.12 per share on the open market for consideration of $120,000 (the "Acquisition"). Prior to the Acquisition, the Acquiror owned an aggregate of 21,380,312 common shares of the Issuer, representing approximately...
2021-03-05 7:47 PM EST
Lions Bay Capital Inc. Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces that the Company has reduced its shareholding in Australian listed water company Parkway Minerals NL ("Parkway") (ASX - PWN) by 58 million shares to 165 million shares or 7.5 per cent of the issued capital. The sale realized CAD $1.43 million in net proceeds. At the same time the Company increased its shareholding in Elementos Limited ("Elementos")...
2021-02-26 5:30 PM EST
Lions Bay Capital Inc. Reports Earnings for the Period Ended November 30, 2020
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to report unaudited net earnings of $3,086,273 or 3 cents a share for the six months ended November 30, 2020. The latest result contrasts with a loss of $529,748 in the comparative period in 2019. Net earnings for the three months ended November 30, 2020 were $969,002 or 1 cent a share compared to earnings of $379,868 in the comparative period in 2019....
2021-01-05 4:01 PM EST
Lions Bay Capital Inc. Announces Closing of Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2020) - 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 November 17, 2020, as increased in its News Release dated December 14, 2020. For the Private Placement, the Company issued a total of 18,797,143 units (each, a "Unit") at $0.07 per Unit for gross proceeds of...
2020-12-22 4:24 PM EST
Lions Bay Capital Inc. Announces Upsizing of Previously Announced Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to announce that due to strong investor demand it has increased the size of the previously announced non-brokered private placement offering of common shares of the Company (see news release from November 17, 2020) to 18,797,143 units for gross proceeds of $1,315,800. Each unit consists of one common share and one warrant, with each warrant...
2020-12-14 9:20 AM EST
Lions Bay Capital: Early Warning News Release
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2020) - Lions Bay Capital Inc. (TSXV: LBI) (the "Acquiror") announces that on December 1, 2020 it acquired ownership of an additional 1,600,000 common shares of Fidelity Minerals Corp. (the "Issuer") at a price of $0.10 per share on the open market for consideration of $160,000 (the "Acquisition"). Prior to the Acquisition, the Acquiror owned an aggregate of 18,515,811 common shares of the Issuer, representing approximately 37.71% of...
2020-12-04 7:48 PM EST
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 after the closing...
2020-11-17 9:15 AM EST
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...
2020-10-23 8:00 PM EDT
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,...
2020-10-22 7:50 PM EDT
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 increase subsequent to the period...
2020-10-15 7:15 PM EDT
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")....
2020-10-08 5:49 PM EDT
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...
2020-09-14 4:50 PM EDT
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 major...
2020-09-01 9:20 AM EDT
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...
2020-06-30 8:45 AM EDT
Lions Bay Capital to Become Major Shareholder in Parkway Minerals and Davenport Resources
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2019) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to advise that Parkway Minerals NL ("Parkway Minerals"), an Australian Stock Exchange (ASX) listed fertiliser minerals company, has signed binding term sheets to acquire 97.79% of the outstanding shares in Consolidated Potash Corporation (CPC), (the "Transaction"), including 100% of the shares held by Lions Bay. Lions Bay is currently the largest...
2019-08-06 8:50 AM EDT
Lions Bay: Consolidated Potash Corporation Establishes Joint Venture with Verdant Minerals
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2019) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or "the Company") is pleased to advise that Consolidated Potash Corporation (CPC), an entity controlled and being consolidated by the Company has satisfied requirements to acquire an initial 15% of the Karinga Lakes Sulphate of Potash (SOP) project and establish a JV with Verdant Minerals (ASX: VRM). A full copy of the announcement published on the Australian Securities Exchange...
2019-02-07 1:01 PM EST
Lions Bay Capital Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2019) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or "the Company") is pleased to provide a corporate update on recent activities and important upcoming milestones. Corporate Update Montan Mining Corp. (TSXV: MNY) Consolidated Potash Corporation (Unlisted: CPC) Elementos (ASX: ELT) Kalina Power Limited (ASX: KPO) Jervois Mining Limited (ASX: JRV) Seed Positions Overview Lions Bay was recently established to focus on high return...
2019-01-07 2:35 PM EST
Lions Bay Provides Update on Progress to Acquire the Balance of Consolidated Potash Corporation
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2018) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay") Further to its May 4, 2018 news release Lions Bay is pleased to provide the following update regarding Consolidated Potash Corporation (CPC): Lions Bay has received acceptances from CPC shareholders representing approximately 99.94% of the CPC shares offered for and expects to complete the acquisition before the end of the calendar year. CPC continues to make progress in...
2018-11-16 2:49 PM EST
Lions Bay Announces Underwriting of Elementos Placement as Step in the Creation of a Large Diversified Tin Company
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2018) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or "the Company") advise the Company has agreed to underwrite a placement of 200 million shares in Elementos Ltd at A$0.006 cents a share to raise A$1.2 million. The placement is expected to be sub underwritten with closing in September. Lions Bay will be paid a fee for arranging the Elementos placement, as well as for corporate advisory services, of 100 million warrants over new...
2018-07-31 8:42 AM EDT