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Lions Bay Capital Inc Announces Non-Brokered Private Placement Financing
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Lions Bay Capital Inc Enters into Option Agreement
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Press Release - MINING COM
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Lions Bay Capital Inc Arranges Additional Debt Financing
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Lions Bay Capital Inc. Amends Riverfort Debt Facility and Arranges Additional Debt Financing
LBI) ( Lions Bay or the
Company ) announces that the Company has amended the secured loan facility ( Loan Facility ) with Riverfort Global Capital Ltd. on behalf of Riverfort Global Opportunities PCC Ltd. (the Lender ). The Loan Facility has amended the previously announced secured facility (see news release on March 15, 2018) and amended on July 4, 2019 to increase the Loan Facility to USD $2.0 million. Concurrent with the amendment the Company has arranged for the advancement of USD $250,000 for a total of USD $750,000 advanced on the Loan Facility.
The proceeds of this advance will be used by the Company to fulfill the initial tranche of the Salamander Mining International Ltd. loan and option agreement (see news release on June 17, 2021).