Lions Bay Capital Inc. announces that it has filed its Financial Statements and Management Discussion and Analysis for the three-months ended August 31, 2024, on sedarplus.ca. The Company also advises that two of the Company's principal investments have significantly appreciated in value since the close of the first quarter on August 31, 2024. The [...]
Lions Bay Capital Inc. held its Annual General Meeting of Shareholders on September 12, 2024. All matters put to shareholders were approved by an overwhelming majority. At the Meeting, shareholders voted in favour of electing independent director Patrick Power to the Company's Board. Mr. Power is a seasoned venture capitalist and financier with [...]
Lions Bay Capital Inc. announces that on June 19, 2024, it acquired ownership of an additional 8,500,000 common shares of Fidelity Minerals Corp. as part a shares for debt transaction where the Acquiror settled $425,000 in outstanding loans at a deemed price of $0.05 . Prior to the Acquisition, the Acquiror owned an aggregate of 42,827,811 common [...]
Lions Bay Capital Inc. has entered into an agreement to purchase a USD $2.1 million loan note from Salamander Mining International Limited . The Loan Note is owed by GnT Mining Propriety Limited and its subsidiary Bosveld Mines Propriety Limited . The Loan Note has priority ranking over shareholder and other debt and is secured by the Bosveld [...]
Lions Bay Capital Inc. is pleased to announce that further to the news release from February 10, 2023, where the Company announced to purchase fifty per cent of Greensands Australia Pty Ltd , the Company has agreed to lower the percentage acquired to twenty-five percent . On March 16, 2023, GAL received an exploration licence covering the Florina [...]
Lions Bay Capital Inc. is pleased to provide the following update on its investment portfolio. The current market value of Lions Bay's listed share portfolio stands at $5.6 million. In addition, the Company has loans of $1.4 million to non-affiliated groups bringing the value of its book to $7 million or $0.05 per common share. The Company`s [...]
Lions Bay Capital Inc. is pleased to announce that it has entered into an agreement dated February 9, 2023, to purchase fifty per cent of Greensands Australia Pty Ltd which has applied for an exploration licence covering the Florina Greensand Project in the Northern Territory, Australia. The other 50 per cent is being acquired by [...]
Lions Bay Capital Inc. announces they have agreed on a six-month extension on the repayment of the outstanding loan facility to Salamander Mining International Ltd. . The amount currently outstanding on the loan is USD $936,686 and the new maturity date will be June 30, 2023. Under the terms of the Loan Extension, Salamander will pay an extension [...]
Lions Bay Capital Inc. announces that the Company has arranged a subsequent advance of USD $373,118.28, inclusive of a deemed advance of USD $191,000 which is currently owed and outstanding and restructured into the current advance, from Riverfort Global Capital Ltd. on behalf of Riverfort Global Opportunities PCC Ltd. on the previously announced [...]
Lions Bay Capital Inc. 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 [...]
Lions Bay Capital Inc. announces the receipt of the phase 2 drilling report from SRK Consulting Pty Ltd. on the rare earth discovery being evaluated by the Savic Minerals. Lions Bay has the right to earn up to 50 per cent interest on the Savic ground by spending AUD $5 million over 3 years from January 2022. The Savic ground lies immediately [...]
Lions Bay Capital Inc. , 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 [...]
