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Lions Bay Capital Inc. (V:LBI.H)

Business Focus: Investment Management & Fund Operators (NEC)

Sep 06, 2022 09:11 am ET
Lions Bay Capital Inc. Provides an Update on Savic Exploration
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay") or the "Company"), announces the receipt of very encouraging results from the recent exploration work on the Savic rare earth exploration areas in Western Victoria, Australia. The results include spectacular assays of over 2 per cent total rare earths from samples taken from water bores drilled by the Victorian government which are 9 km east of the most recent drilling program carried out by Lions Bay. Under the agreement with Savic LBI has the right to earn a 50 per cent interest in the project area by spending $5 million on exploration over 3 years.
Jun 17, 2022 09:23 am ET
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 Savic ground lies immediately adjacent to the Koppamurra Project of Australian Rare Earths.
Jun 10, 2022 09:20 am ET
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.
Apr 12, 2022 08:56 pm ET
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 acquire one additional common share at a price of $0.11 per share until October 12, 2022.
Jan 20, 2022 09:24 am ET
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 recently announced Yellow Tail and Red Tail ionic rare earth elements (REE) discoveries of by Australian Rare Earths.
Dec 08, 2021 04:05 pm ET
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.
Dec 03, 2021 05:21 pm ET
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").
Dec 02, 2021 09:00 am ET
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 for the instillation are underway. Salamander has applied for an import duty exemption from the Zimbabwean Investment Authority and the plant will be moved to site as soon as this is received. It is estimated that assembly of the plant will take four weeks and commissioning an additional four weeks.
Nov 25, 2021 09:15 am ET
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:
Oct 19, 2021 04:01 pm ET
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 (CAD $183,000) for an option to enter a Joint Venture under which it can earn a 50 per cent interest in the Savic tenements by spending AUD $5.0 million (CAD $4.57 million) on exploration activities over 3 years.
Oct 08, 2021 09:15 am ET
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 holes this week which should be sufficient to enable the board to make a decision on entering into a Joint Venture agreement covering the Savic ground. LBI paid AUD $200,000 (CAD $183,000) for an option to enter a Joint Venture under which it can earn a 50 per cent interest in the Savic areas by spending AUD $5.0 million (CAD $4.57 million) over 3 years.
Oct 01, 2021 09:26 am ET
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 to commission a new plant capable of processing 20,000 tonnes a month of gold tailings. Should Lions Bay advance the full USD $1 million it will be entitled to 25 per cent of the cash flow in addition to priority repayment of the loan. If only USD $800,000 is advanced the Lions Bay share of cash flow will reduce to 20 per cent. The plant is expected to be commissioned by December 2021.
Sep 28, 2021 09:10 am ET
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 investment portfolio increasing during the year ended May 31, 2021 from $3.4 million to $11.5 million. As at May 31, 2021, Lions Bay had working capital of $12.2 million.
Sep 17, 2021 09:15 am ET
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 with Savic under which it will have the right to enter into a Joint Venture agreement with Savic to earn a 50 per cent interest in the areas.
Sep 14, 2021 05:31 pm ET
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.
Aug 30, 2021 09:15 am ET
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 closing date. The Company intends to use the net proceeds of the Financing to fund the previously announced option agreements and working capital purposes. The private placement is subject to approval of the TSX Venture Exchange.
Aug 25, 2021 09:32 am ET
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 announced Koppamurra discovery on the South Australia border with Victoria.
Aug 23, 2021 07:44 am ET
IIROC Trading Halt - LBI
VANCOUVER, BC, Aug. 23, 2021 /CNW/ - The following issues have been halted by IIROC:
Aug 20, 2021 06:13 pm ET
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 subsequent USD $250,000 tranche of the Salamander Mining International Ltd. loan and option agreement (see news release on June 17, 2021). Salamander is using the funds to build and ship a gold treatment plant to Zimbabwe which is expected to be operational in October. Under the agreement with Salamander, Lions Bay will be entitled to 25 per cent of the cash flow from this project.
Jun 30, 2021 07:43 pm ET
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 million. Concurrent with the amendment the Company has arranged for the advancement of USD $250,000 for a total of USD $750,000 advanced on the Loan Facility.
Jun 17, 2021 09:15 am ET
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.
Apr 22, 2021 08:48 pm ET
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 participate in the Elementos Ltd. ("Elementos") private placement, which is a $0.01 unit containing a common share of Elementos and a half a warrant with each full warrant exercisable into an additional common share at $0.015 for until April 30, 2022, and other on market investment purchases.
Apr 16, 2021 07:21 pm ET
Lions Bay Capital Inc. -Early Warning Report
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2021) -  Lions Bay Capital Inc. (TSXV: LBI) (the "Acquiror") announces that on April 16, 2021 it acquired ownership of an additional 1,056,000 Units of Fidelity Minerals Corp. (the "Issuer") at a price of $0.125 per Unit for aggregate consideration of $132,000, 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 acquire one additional common share at a price of $0.15 per share until April 16, 2023.
Mar 09, 2021 01:18 pm ET
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 per share in the nine months ended Feb 29, 2020.
Mar 05, 2021 07:47 pm ET
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").
Feb 26, 2021 05:30 pm ET
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") (ASX - ELT) with the purchase of 15 million shares for consideration of CAD $216,000. The Company now owns 167.9 million shares in Elementos or 5.1 per cent of the outstanding capital. In addition, the Company has repaid the USD $200,000 principal on the secured loan facility from RiverFort Global Opportunities PCC Limited ("RiverFort"), making the Company debt free.
Jan 05, 2021 04:01 pm ET
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. The net income was derived from the increase in the fair value of the company's investment portfolio to $6.6 million as at November 30, 2020. The portfolio value has continued to increase subsequent to November 30, 2020.
Dec 22, 2020 04:24 pm ET
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.
Dec 14, 2020 09:20 am ET
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 exercisable into one additional common share at $0.085 for a period of 18 months after the closing date. The Company intends to use the net proceeds of the Financing for debt repayment and corporate working capital purposes. The private placement is subject to approval of the TSX Venture Exchange.
Dec 04, 2020 07:48 pm ET
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").
Nov 17, 2020 09:15 am ET
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 date. The Company intends to use the net proceeds of the Financing for debt repayment and corporate working capital purposes. The private placement is subject to approval of the TSX Venture Exchange.
Oct 23, 2020 08:00 pm 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 the Company. The Company decided to satisfy the outstanding indebtedness with Shares in order to preserve its investment portfolio and to comply with undertakings given to its funding partners. The Transaction is subject to the approval of the TSX Venture Exchange (the "Exchange"). The Company will issue the Shares once the Transaction has been approved by the Exchange.
Oct 22, 2020 07:50 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.
Oct 15, 2020 07:15 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 increase subsequent to the period end. The unaudited Financial Statements and the respective Management Discussion and Analysis are available for viewing at www.sedar.com.
Oct 08, 2020 05:49 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 Stock Exchange up until early 2015 and its annual reports and presentations are on the public record. A number of South African subsidiaries of Vantage were placed in business rescue in 2016 following a tragic accident at one of the mines that resulted in the death of three employees.
Sep 14, 2020 04:50 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 has submitted a proposal to the administrator under which operations would resume and Salamander would acquire the assets. The operations were put into protection following an accident in 2016. The mines were operating profitably at the time at a gold price of USD $1,300 an ounce.
Sep 01, 2020 09:20 am 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 major resource projects.
Jun 30, 2020 08:45 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 five significant listed investments which are:
Aug 06, 2019 08:50 am ET
Lions Bay Capital to Become Major Shareholder in Parkway Minerals and Davenport Resources
Lions Bay is currently the largest shareholder of CPC (owns 48% of the issued capital) and has also provided working capital by way of loan funds of approximately C$550,000 to CPC. Following the satisfaction of all the conditions precedent (including Parkway Minerals shareholder approval) outlined in the term sheet, at completion of the Transaction, Lions Bay will receive approximately:
Feb 07, 2019 01:01 pm ET
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).
Jan 07, 2019 02:35 pm ET
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.
Nov 16, 2018 02:49 pm ET
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):
Jul 31, 2018 08:42 am ET
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 Elementos shares exercisable at $0.007 per share until 30 June 2020.
Jun 08, 2018 03:58 pm ET
Montan Mining Shareholders Approve Lions Bay Shares for Debt Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 8, 2018) - Montan Mining Corp. (TSXV: MNY) (FSE: S5GM) (SSE: MNYC) ("Montan" or the "Company") is pleased to announce that it has successfully completed its June 7th annual and special general meeting of shareholders, and that all Resolutions proposed for the meeting were passed by participating shareholders.
May 09, 2018 04:30 pm ET
Montan Mining and Lions Bay Announce Shares for Debt Transaction
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2018) - Montan Mining Corp. (TSXV: MNY) (FSE: S5GM) (SSE: MNYC) ("Montan" or the "Company") and Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay") are pleased to announce that the Company and Lions Bay have entered into an agreement to settle $500,000 of indebtedness of the Company to Lions Bay (the "Shares for Debt Transaction") through conversion of such debt into common shares of the Company (the "Common Shares"). Pursuant to the Shares for Debt Transaction, the Company will issue 10,000,000 Common Shares, at a price of $0.05 per Common Share. On completion of the Shares for Debt Transactions, the Company will have 38,105,448 Common Shares issued and outstanding.
May 04, 2018 02:41 pm ET
Lions Bay Announces Offer to Acquire Balance of Consolidated Potash Corporation
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2018) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay") is pleased to announce that it has resolved to make an offer to the shareholders of Consolidated Potash Corporation Limited (CPC) to acquire the 53.5% of CPC that it does not already own (the "Offer").
Mar 15, 2018 09:26 am ET
Lions Bay announces new loan facility and board change
VANCOUVER, March 15, 2018 /CNW/ - Lions Bay Capital Inc. (TSX-V: LBI) ("Lions Bay" or "the Company") is pleased to announce that Lions Bay has entered into a loan agreement arranged by Riverfort Global Capital Ltd. on behalf of Cuart Investments PCC Ltd. (the "Lender") for a secured loan facility to be drawn in tranches up to an aggregate loan amount of $5,000,000.  The initial tranche drawdown will be $1,000,000.  The proceeds of this loan will initially be used by the Company for its support in restructuring Montan Mining Corp. as announced on February 21, 2018.  The remainder of the loan
Jan 10, 2018 08:15 am ET
Eurotin and Lions Bay Announce Shares for Debt Transactions
TORONTO, Jan. 10, 2018 /CNW/ - Eurotin Inc. ("Eurotin" or the "Company") (TSXV:TIN) and Lions Bay Capital Inc. ("Lions Bay") (TSXV:LBI) are pleased to announce that the Company and certain debtholders, including Lions Bay, have entered into agreements to settle some of the indebtedness of the Company (the "Shares for Debt Transactions") through conversion of such debt into common shares of the Company (the "Common Shares"). Pursuant to the Shares for Debt Transactions, the Company will issue 19,704,763 Common Shares, at a price of $0.0525 per Common Share. On completion of the Shares for Deb
Nov 15, 2017 04:26 pm ET
IIROC Trading Resumption - LBI, HOC
VANCOUVER, Nov. 15, 2017 /CNW/ - Trading resumes in:
Nov 15, 2017 04:08 pm ET
IIROC Trade Resumption - Lions Bay Capital Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2017) - Trading resumes in:
Feb 14, 2017 01:42 pm ET
IIROC Trading Halt - LBI.H
VANCOUVER, Feb. 14, 2017 /CNW/ - The following issues have been halted by IIROC: