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  • Lions Bay Capital (LBI) has announced a non-brokered private placement of up to C$560,000
  • The company intends to use the proceeds to fund previously announced option agreements and for working capital purposes
  • Lions Bay Capital is focused on public and private investment opportunities in the mining, clean energy and clean technology sectors
  • Lions Bay Capital (LBI) is down by 5 per cent trading at $0.095 per share

Lions Bay Capital (LBI) has announced a non-brokered private placement of up to C$560,000.

The company will offer up to 7,000,000 units at $0.08 per unit.

Each unit consists of one common share and one-half of one warrant.

Each warrant is exercisable into one common share priced at $0.10 for two years after the closing date.

The company intends to use the proceeds to fund previously announced option agreements and for working capital purposes. 

Lions Bay Capital is focused on public and private investment opportunities in the mining, clean energy and clean technology sectors.

Lions Bay Capital (LBI) is down by 5 per cent trading at $0.095 per share as of 10:12 am ET.

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