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Enter Symbol
or Name
USA
CA



Lions Bay Capital Inc
Symbol LBI
Shares Issued 97,304,473
Close 2019-02-20 C$ 0.06
Market Cap C$ 5,838,268
Recent Sedar Documents

Lions Bay Capital arranges $1.2M private placement

2019-02-21 09:15 ET - News Release

Casey Subject: 210219 -Lions Bay News release Financing.docx Please see attached for immediate dissemination. Thanks Kathryn File: 210219 -Lions Bay News release Financing.docx / LIONS BAY ANNOUNCES $1,200,000 FINANCING Vancouver, BC, February 21, 2019 - Lions Bay Capital Inc. (TSX-V: LBI) ("Lions Bay" or "the Company") is pleased to announce that it has resolved to complete a private placement financing (the "Financing") of up to 20,000,000 common shares at a price of $0.06 per share for total gross proceeds of up to $1,200,000. The Company intends to use the net proceeds of the Financing for expenditure related to the ongoing investment in, and other activities related to, its investment portfolio and for corporate working capital. Finders' fees will be payable to eligible individuals and entities in connection with the Financing in accordance with the policies of the TSX Venture Exchange. The private placement is subject to approval of the TSX Venture Exchange. About Lions Bay Capital Inc. Lions Bay Capital Inc. is a TSXV-listed Investment Issuer that is focused on high return investment opportunities, principally in the mining, clean energy and clean technology sectors, where it will provide public and private companies early-stage financial support by way of equity or debt. On behalf of the Board of Lions Bay. John Byrne Bahay Ozcakmak Director Director Tel: +61 3 9236 2800 Tel: +61 3 9236 2800 Email: jbyrne@lionsbaycapital.com bahay@lionsbaycapital.com For more information, please visit the corporate website at www.lionsbaycapital.com 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. Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "will", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing Lions Bay and other forward-looking statements are discussed in Lions Bay's Management's Discussion and Analysis which is available under the Company's profile on www.sedar.com. Forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, for the Company and the companies it is invested in, but are not limited to, commodity prices, fluctuations in revenues and expenses, need for additional funding, availability of such additional funding and that funding will be on acceptable terms, retention of key employees, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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