Lions Bay Capital Inc. Provides Corporate Update
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.
温哥华,不列颠哥伦比亚省-(Newsfile Corp.-2022年6月10日)-狮子湾资本公司(Lions Bay Capital Inc.)(TSXV:LBI) (“狮子湾”或者是“公司“)宣布,截至2022年5月31日止年度,公司的上市投资组合价值为1,090万美元,或每股普通股的投资价值为0.08美元。这些数字不包括公司的衍生金融工具组合和狮子湾为最终上市提供种子的非上市投资。
"The active participation of Lions Bay in the formulation of business plans, financings and management appointments is an integral part of the Company's business model", said Mr. Byrne. "In less than 4 years we have assisted in the transformation of five companies. One of our initial investments was Jervois Mining which in the space of 4 years has grown from a $5 million company to over $900 million."
伯恩先生说:“狮子湾积极参与制定业务计划、融资和管理任命,这是公司商业模式不可或缺的一部分。”在不到4年的时间里,我们协助了5家公司的转型。我们最初的投资之一是Jervois矿业公司,它在4年内从一家价值500万美元的公司发展到超过9亿美元。
Lions Bay has realized profits on two of its main investments, Elementos Ltd. and South Hartz Potash, but retains significant holdings in both. The profits were used to reduce debt and increase the overall exposure to gold. Lions Bay`s main investment now is a holding of 41.3 million common shares with a fair value of $4.3 million as at May 31, 2022 and 9.5 million warrants in TSX-V listed Fidelity Minerals Corp. Fidelity is increasing its interest in the Las Huaquillas gold project in Peru from 45 per cent to 50 per cent by funding a USD $3 million exploration program over the next six months. Las Huaquillas hosts a historical resource of 446,000 ozs of gold and 5.3 million ozs of silver in a wide mineralized zone from surface to 200 metres within 500 metres of a 2.5 km epithermal long zone. This epithermal zone is flanked by two large confirmed porphyry intrusions with ore grade copper/gold intercepts. (See news release issued by Fidelity Minerals Corp. on January 6, 2022 for description of work performed and disclaimers) Lions Bay has assisted Fidelity in overcoming long running disputes that have prevented exploration of the area for the past 20 years. The executive chairman of Lions Bay, Mr. John Byrne commented: "The Las Huaquillas project is one of the most attractive exploration targets in Peru and we expect the underground exploration and drilling to generate significant interest in Fidelity over the next six months."
狮子湾的两项主要投资Elementos Ltd.和South Hartz Potash已经实现盈利,但仍持有这两项投资的大量股份。这些利润被用于减少债务和增加黄金的整体敞口。狮子湾目前的主要投资是持有4130万股普通股,截至2022年5月31日的公允价值为430万美元,以及在多伦多证交所上市的富达矿业公司(Fidelity Minerals Corp.)的950万份认股权证。富达将在未来六个月为一个300万美元的勘探项目提供300万美元的资金,从而将其在秘鲁拉斯华奎拉斯金矿项目的权益从45%提高到50%。拉斯华奎拉斯拥有446,000盎司黄金和530万盎司白银的历史资源,位于2.5公里浅成热液长带500米内从地表到200米的宽阔矿化带中。该浅成热液带两侧是两个已证实的大型斑岩侵入体,并截留了矿石级铜/金。(有关所做工作的描述和免责声明,请参阅富达矿业公司2022年1月6日发布的新闻稿)狮子湾帮助富达克服了过去20年来阻碍该地区勘探的长期纠纷。狮子湾执行董事长John Byrne先生评论说:“拉斯华奎拉斯项目是秘鲁最具吸引力的勘探目标之一,我们预计地下勘探和钻探将在未来六个月内引起人们对富达的浓厚兴趣。”
Lions Bay's second largest shareholding is in Elementos Ltd.. As at May 31, 2022, Lions Bay held 4.5 million shares with a fair value value of $2.8 million. Elementos is currently completing a bankable feasibility study on the Oropesa tin deposit in Spain. Permitting is at an advanced stage and development is expected to commence in 2023. Lions Bay actively participated in the acquisition of Oropesa for Elementos and the initial fund raisings.
狮子湾的第二大股东是Elementos Ltd.截至2022年5月31日,狮子湾持有450万股,公允价值280万美元。Elementos目前正在完成西班牙奥罗比萨锡矿的银行可行性研究。许可已进入后期阶段,预计将于2023年开始开发。狮子湾积极参与了为Elementos收购奥罗比萨的过程和最初的筹资活动。
Lions Bay continues to hold 167 million shares and 54 million warrants in Parkway Minerals Ltd; 51 million shares and 8.6 million warrants in Kalina Power Ltd; and 5.7 million shares in South Hartz Potash. Parkway Minerals was recently awarded a contract by Queensland Gas, a Shell Group company, to carry out a feasibility study using its proprietary technology to treat and recover saleable products from waste liquid associated with the production of coal seam gas. It is also looking to use its technology on mine waste and tailings. "Parkway is in the right space at the right time, said Mr. Byrne. "We expect substantial appreciation in its valuation over the next six months."
狮子湾继续持有Parkway Minerals Ltd.的1.67亿股和5400万股认股权证;Kalina Power Ltd的5100万股和860万股认股权证;以及South Hartz Potash的570万股。Parkway Minerals最近获得壳牌集团旗下昆士兰天然气公司的一份合同,利用其专有技术进行可行性研究,从煤层气生产废液中处理和回收可销售的产品。该公司还在寻求将其技术用于矿山废物和尾矿。“Parkway在正确的时间占据了正确的位置,”伯恩说,“我们预计它的估值在未来六个月里会大幅升值。”
The next year should also prove a turning point for Kalina Power Ltd. as it moves to construct the first of several waste heat to power projects using its proprietary technology in Alberta. The scale of this opportunity is enormous and again it is a company in the right space at the right time.
对Kalina Power Ltd.来说,明年也应该是一个转折点,该公司将利用其在艾伯塔省的专有技术建设几个余热发电项目中的第一个项目。这个机会的规模是巨大的,而且它也是一家在正确的时间、正确的空间中的公司。
South Hartz Potash has recently completed two confirmatory holes on the first of three large potash projects in Germany. This will enable the company to deliver economic models on the project and clear the way for negotiations with potential partners. The strength of the potash market and the location places South Hartz in a strong position to drive an excellent result for shareholders.
南哈茨钾肥最近在德国完成了三个大型钾肥项目中的第一个项目的两个确认孔。这将使该公司能够为该项目提供经济模型,并为与潜在合作伙伴的谈判扫清道路。钾肥市场的实力和地理位置使南哈茨处于有利地位,为股东创造了出色的业绩。
New opportunities
新机遇
Lions Bay continues to evaluate and invest in the creation of new opportunities. For almost two years the Company has been working with Salamander Mining International, a private company based in Mauritius, to finance the construction of a gold roaster in Eswatini. Environmental concerns associated with sulphur dioxide emissions has forced the closure of most of the roasters in South Africa making the exploitation of millions of ounces of gold in the Barberton Region uneconomic. Salamander has reached conditional agreement with the Eswatini Government to construct a roaster and convert the sulphur dioxide emissions into sulphuric acid. The acid will then be used to leach magnesium from the asbestos tailings of an old mine. Lions Bay has to date loaned Salamander USD $0.7 million and a portion of these funds have been used to confirm the process flow sheet. Lions Bay is currently in negotiations to provide further funding to complete the feasibility study and list Salamander on a major stock exchange. Preliminary numbers are very encouraging, and the project has significant potential to enhance Lion Bay's value.
狮子湾继续评估和投资创造新的机会。近两年来,该公司一直与总部设在毛里求斯的私营公司Salamander Mining International合作,为埃斯瓦蒂尼的一个黄金焙烧炉的建设提供资金。与二氧化硫排放相关的环境问题已迫使南非的大多数焙烧厂关闭,使巴伯顿地区数百万盎司黄金的开采变得不经济。火蜥蜴已与埃斯瓦蒂尼政府达成有条件的协议,建造一个焙烧炉,并将二氧化硫排放转化为硫酸。然后,这种酸将被用来从一个老矿的石棉尾矿中浸出镁。到目前为止,狮子湾已经借给火蜥蜴70万美元,其中一部分资金已用于确认工艺流程图。狮子湾目前正在进行谈判,以提供进一步的资金,以完成可行性研究,并将火蜥蜴在一家主要证券交易所上市。初步数字非常令人鼓舞,该项目有很大潜力提升狮子湾的价值。
During the year Lions Bay entered into a farm in agreement with Savic Pty Ltd to earn up to a 50 per cent interest in a promising rare earths project in Western Victoria Australia by spending AUD $5 million over 3 years. The Savic ground is continuous to that held by Australian Rare Earths which has announced the discovery of rare earth reserves and is currently carrying out bulk testing of its deposit. Initial exploration by Lions Bay has proved the rare earth discovery by Australian Rare Earths extends into the Savic ground. A second drilling phase aimed at determining a grid for reserve definition drilling has recently been completed by Lions Bay and results are expected in about 4 weeks.
年内,狮子湾与Savic Pty Ltd达成协议,在3年内花费500万澳元,在澳大利亚西维多利亚州一个前景看好的稀土项目中获得高达50%的权益。SAVEC的场地与澳大利亚稀土公司保持的场地是连续的,澳大利亚稀土公司已经宣布发现了稀土储量,目前正在对其储量进行批量测试。狮子湾的初步勘探证明,澳大利亚稀土发现的稀土延伸到了萨维奇地面。狮子湾最近完成了第二个钻探阶段,旨在确定储量定义钻探的网格,预计将在大约4周内取得结果。
Lions Bay management has had discussions with several companies interested in acquiring its interest in the joint venture and these discussions are expected to continue with our partners over the next few months.
狮子湾管理层已经与几家有兴趣获得其在合资企业中的权益的公司进行了谈判,预计这些谈判将在未来几个月继续与我们的合作伙伴进行。
Lions Bay has also been providing seed capital to Epic Minerals Ltd. which is planning a listing on the ASX in the next year. Epic has several gold and tin projects in Queensland, Australia and is managed by Mr. Chris Gregory who is a highly accomplished and resourceful mining executive with over thirty years of global experience in corporate, exploration and operational capacities. Mr. Gregory has a proven track record of success across small to large scale organizations in a wide range of global jurisdictions and cultures.
狮子湾还一直在为Epic提供种子资本,后者计划明年在澳交所上市。Epic在澳大利亚昆士兰州拥有多个黄金和锡矿项目,由Chris Gregory先生管理,他是一位非常有成就和足智多谋的矿业高管,在企业、勘探和运营能力方面拥有30多年的全球经验。Gregory先生在各种全球司法管辖区和文化中拥有从小规模到大型组织的成功记录。
About Lions Bay Capital Inc.
关于狮子湾资本公司
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.
狮子湾资本公司是一家在多伦多证交所上市的投资发行商,专注于高回报的投资机会,主要是在采矿、清洁能源和清洁技术领域,为上市公司和私营公司提供战略和财务支持。
On behalf of the Board of Lions Bay.
我谨代表狮子湾董事会发言。
John Byrne
Executive Chairman
Tel: +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com
约翰·伯恩
执行主席
电话:+61392362800
电子邮件:jbyrne@lion sbaycapal.com
For more information, please visit the corporate website at or contact the above.
欲了解更多信息,请访问公司网站或联系上述公司。
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.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所创业板交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Disclaimer & Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements are statements that relate to future events or future financial performance. In some cases, you can identify forward-looking statements by the use of terminology such as "may", "should", "intend", "expect", "plan", "anticipate", "believe", "estimate", "project", "predict", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements speak only as of the date of this news release. This news release may also contain inferences to future oriented financial information ("FOFI") within the meaning of applicable securities laws. The information in this news release has been prepared by our management to provide readers with an outlook for our future activities.
免责声明和前瞻性声明:本新闻稿包含前瞻性陈述。前瞻性陈述是与未来事件或未来财务表现有关的陈述。在某些情况下,您可以通过使用“可能”、“应该”、“打算”、“预期”、“计划”、“预期”、“相信”、“估计”、“项目”、“预测”、“潜在”或“继续”等术语或这些术语或其他类似术语的否定词来识别前瞻性陈述。这些陈述仅代表本新闻稿发布之日的情况。本新闻稿还可能包含对适用证券法所指的面向未来的财务信息(“FOFI”)的推断。本新闻稿中的信息是由我们的管理层准备的,旨在为读者提供对我们未来活动的展望。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问