Lions Bay Capital Inc.

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 amended secured loan facility . The proceeds of this advance will be used [...]

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 which are 9 km east of the most recent drilling program carried out by Lions [...]

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 adjacent to the Koppamurra Project of Australian Rare Earths. Assays from the [...]

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 with a view to an eventual public listing. "The active participation of Lions [...]

Lions Bay Capital Inc. announces that on April 12, 2022, it acquired ownership of an additional 3,500,000 Units of Fidelity Minerals Corp. at a price of $0.10 per Unit for aggregate consideration of $350,000, pursuant to a non-brokered private placement . 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 [...]

Lions Bay Capital announces they have received the accompanying technical report from SRK Consulting on the results from the recent drilling program on the exploration licences held by Savic Minerals within western Victoria. The Savic EL lies immediately adjacent to the recently announced Yellow Tail and Red Tail ionic REE discoveries of by Australian Rare Earths. Lions Bay holds an option to enter into a joint venture [...]

Lions Bay Capital announces that initial limited sampling results from the first five samples from five aircore holes on EL6968 held by Savic Pty Ltd. confirm that the rare earth mineralisation reported by Australian Rare Earths on the adjacent leases extends into the Savic area. The following report and map has been received by LBI's consultants SRK Consulting: Assay results from five samples have been released by the [...]

Lions Bay Capital announces that on Dec 3, 2021, it acquired ownership of an additional 7,400,000 common shares of Fidelity Minerals by way of warrant exercises for total consideration of $388,000. Prior to the Acquisition, the Acquiror owned an aggregate of 25,311,811 common shares of the Issuer, representing approximately 40.81% of the issued and outstanding common shares of the Issuer on an undiluted basis. As a result [...]

Lions Bay Capital provides an update on the previously announced loan and option agreement with Salamander Mining. 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 [...]