LBI/H Lions Bay Capital Inc.

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 $1,315,800. Of the total Units issued, 6,000,000 Units were subscribed by an insider of the Company. Each Unit consists of one common share (each, a "Share") and one transferable share purchase warrant (each, a "Warrant") with each Warrant exercisable into an additional common share at $0.085 per share for a period of 18 months. The securities issued pursuant to the Private Placement are subject to a four month hold period that expires on April 23, 2021. Finders' fees totalling $15,330 were paid relating to the Private Placement. The Company intends to use the net proceeds of the Private Placement for debt repayment and corporate working capital purposes.

The Private Placement is subject to final approval of the TSX Venture Exchange.

About Lions Bay Capital Inc.

Lions Bay Capital Inc. is a TSX-V listed Investment Issuer that is focused on high return investment opportunities, principally in the mining, clean energy and clean technology sectors, where it provides public and private companies with strategic and financial support.

On behalf of the Board of Lions Bay.

John Byrne
Executive Chairman
Tel:
Email:

For more information, please visit the corporate website at or contact the above.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

To view the source version of this press release, please visit

EN
22/12/2020

Underlying

LBI/HLions Bay Capital Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Lions Bay Capital Inc.

 PRESS RELEASE
Free
LBI/H Lions Bay Capit...

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 shar...

April 23, 2021 1 EN
 PRESS RELEASE
Free
LBI/H Lions Bay Capit...

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.Prior to the Ac...

April 16, 2021 1 EN
 PRESS RELEASE
Free
LBI/H Lions Bay Capit...

Lions Bay Capital Inc. Provides Corporate Update

Lions Bay earned net profit of $4,647,569 and $7,733,842 for the three and nine months ended Feb 28, 2021The fair value of the Company's investment portfolio is $11.6 million, and the Company has a further $1.4 million in cash and receivables 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 Februar...

March 9, 2021 1 EN
 PRESS RELEASE
Free
LBI/H Lions Bay Capit...

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 42.84% of the issued and outstanding common shares of the Issuer on an undiluted basis. As a result of the...

March 6, 2021 1 EN
 PRESS RELEASE
Free
LBI/H Lions Bay Capit...

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 ow...

February 26, 2021 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch