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.
温哥華,不列顛哥倫比亞省-(Newsfile Corp.-2022年6月10日)-獅子灣資本公司(Lions Bay Capital Inc.)(TSXV:LBI) (“獅子灣”或者是“公司“)宣佈,截至2022年5月31日止年度,公司的上市投資組合價值為1,090萬美元,或每股普通股的投資價值為0.08美元。這些數字不包括公司的衍生金融工具組合和獅子灣為最終上市提供種子的非上市投資。
"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."
伯恩先生説:“獅子灣積極參與制定業務計劃、融資和管理任命,這是公司商業模式不可或缺的一部分。”在不到4年的時間裏,我們協助了5家公司的轉型。我們最初的投資之一是Jervois礦業公司,它在4年內從一家價值500萬美元的公司發展到超過9億美元。
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."
獅子灣的兩項主要投資Elementos Ltd.和South Hartz Potash已經實現盈利,但仍持有這兩項投資的大量股份。這些利潤被用於減少債務和增加黃金的整體敞口。獅子灣目前的主要投資是持有4130萬股普通股,截至2022年5月31日的公允價值為430萬美元,以及在多倫多證交所上市的富達礦業公司(Fidelity Minerals Corp.)的950萬份認股權證。富達將在未來六個月為一個300萬美元的勘探項目提供300萬美元的資金,從而將其在祕魯拉斯華奎拉斯金礦項目的權益從45%提高到50%。拉斯華奎拉斯擁有446,000盎司黃金和530萬盎司白銀的歷史資源,位於2.5公里淺成熱液長帶500米內從地表到200米的寬闊礦化帶中。該淺成熱液帶兩側是兩個已證實的大型斑巖侵入體,並截留了礦石級銅/金。(有關所做工作的描述和免責聲明,請參閲富達礦業公司2022年1月6日發佈的新聞稿)獅子灣幫助富達克服了過去20年來阻礙該地區勘探的長期糾紛。獅子灣執行董事長John Byrne先生評論説:“拉斯華奎拉斯項目是祕魯最具吸引力的勘探目標之一,我們預計地下勘探和鑽探將在未來六個月內引起人們對富達的濃厚興趣。”
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.
獅子灣的第二大股東是Elementos Ltd.截至2022年5月31日,獅子灣持有450萬股,公允價值280萬美元。Elementos目前正在完成西班牙奧羅比薩錫礦的銀行可行性研究。許可已進入後期階段,預計將於2023年開始開發。獅子灣積極參與了為Elementos收購奧羅比薩的過程和最初的籌資活動。
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."
獅子灣繼續持有Parkway Minerals Ltd.的1.67億股和5400萬股認股權證;Kalina Power Ltd的5100萬股和860萬股認股權證;以及South Hartz Potash的570萬股。Parkway Minerals最近獲得殼牌集團旗下昆士蘭天然氣公司的一份合同,利用其專有技術進行可行性研究,從煤層氣生產廢液中處理和回收可銷售的產品。該公司還在尋求將其技術用於礦山廢物和尾礦。“Parkway在正確的時間佔據了正確的位置,”伯恩説,“我們預計它的估值在未來六個月裏會大幅升值。”
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.
對Kalina Power Ltd.來説,明年也應該是一個轉折點,該公司將利用其在艾伯塔省的專有技術建設幾個餘熱發電項目中的第一個項目。這個機會的規模是巨大的,而且它也是一家在正確的時間、正確的空間中的公司。
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.
南哈茨鉀肥最近在德國完成了三個大型鉀肥項目中的第一個項目的兩個確認孔。這將使該公司能夠為該項目提供經濟模型,併為與潛在合作伙伴的談判掃清道路。鉀肥市場的實力和地理位置使南哈茨處於有利地位,為股東創造了出色的業績。
New opportunities
新機遇
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.
獅子灣繼續評估和投資創造新的機會。近兩年來,該公司一直與總部設在毛里求斯的私營公司Salamander Mining International合作,為埃斯瓦蒂尼的一個黃金焙燒爐的建設提供資金。與二氧化硫排放相關的環境問題已迫使南非的大多數焙燒廠關閉,使巴伯頓地區數百萬盎司黃金的開採變得不經濟。火蜥蜴已與埃斯瓦蒂尼政府達成有條件的協議,建造一個焙燒爐,並將二氧化硫排放轉化為硫酸。然後,這種酸將被用來從一個老礦的石棉尾礦中浸出鎂。到目前為止,獅子灣已經借給火蜥蜴70萬美元,其中一部分資金已用於確認工藝流程圖。獅子灣目前正在進行談判,以提供進一步的資金,以完成可行性研究,並將火蜥蜴在一家主要證券交易所上市。初步數字非常令人鼓舞,該項目有很大潛力提升獅子灣的價值。
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.
年內,獅子灣與Savic Pty Ltd達成協議,在3年內花費500萬澳元,在澳大利亞西維多利亞州一個前景看好的稀土項目中獲得高達50%的權益。SAVEC的場地與澳大利亞稀土公司保持的場地是連續的,澳大利亞稀土公司已經宣佈發現了稀土儲量,目前正在對其儲量進行批量測試。獅子灣的初步勘探證明,澳大利亞稀土發現的稀土延伸到了薩維奇地面。獅子灣最近完成了第二個鑽探階段,旨在確定儲量定義鑽探的網格,預計將在大約4周內取得結果。
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.
獅子灣管理層已經與幾家有興趣獲得其在合資企業中的權益的公司進行了談判,預計這些談判將在未來幾個月繼續與我們的合作伙伴進行。
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.
獅子灣還一直在為Epic提供種子資本,後者計劃明年在澳交所上市。Epic在澳大利亞昆士蘭州擁有多個黃金和錫礦項目,由Chris Gregory先生管理,他是一位非常有成就和足智多謀的礦業高管,在企業、勘探和運營能力方面擁有30多年的全球經驗。Gregory先生在各種全球司法管轄區和文化中擁有從小規模到大型組織的成功記錄。
About Lions Bay Capital Inc.
關於獅子灣資本公司
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.
獅子灣資本公司是一家在多倫多證交所上市的投資發行商,專注於高回報的投資機會,主要是在採礦、清潔能源和清潔技術領域,為上市公司和私營公司提供戰略和財務支持。
On behalf of the Board of Lions Bay.
我謹代表獅子灣董事會發言。
John Byrne
Executive Chairman
Tel: +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com
約翰·伯恩
執行主席
電話:+61392362800
電子郵件:jbyrne@lion sbaycapal.com
For more information, please visit the corporate website at or contact the above.
欲瞭解更多信息,請訪問公司網站或聯繫上述公司。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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.
免責聲明和前瞻性聲明:本新聞稿包含前瞻性陳述。前瞻性陳述是與未來事件或未來財務表現有關的陳述。在某些情況下,您可以通過使用“可能”、“應該”、“打算”、“預期”、“計劃”、“預期”、“相信”、“估計”、“項目”、“預測”、“潛在”或“繼續”等術語或這些術語或其他類似術語的否定詞來識別前瞻性陳述。這些陳述僅代表本新聞稿發佈之日的情況。本新聞稿還可能包含對適用證券法所指的面向未來的財務信息(“FOFI”)的推斷。本新聞稿中的信息是由我們的管理層準備的,旨在為讀者提供對我們未來活動的展望。
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