Lions Bay Capital Inc. (V:LBI*CA)

Business Focus: Holding Companies

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:

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