Lions Bay Capital Inc. Agrees to Salamander Loan Extension
Lions Bay Capital Inc. Agrees to Salamander Loan Extension
About Lions Bay Capital Inc.Vancouver, British Columbia--(Newsfile Corp. - February 8, 2023) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") announces they have agreed on a six-month extension on the repayment of the outstanding loan facility to Salamander Mining International Ltd. ("Loan Extension"). The amount currently outstanding on the loan is USD $936,686 and the new maturity date will be June 30, 2023. Under the terms of the Loan Extension, Salamander will pay an extension fee of USD $50,000, which will be added to the outstanding balance and be payable at maturity. The total outstanding balance of the loan will accrue interest at 15 per cent per annum.
不列顛哥倫比亞省溫哥華-(Newsfile Corp.-2023年2月8日)-獅子灣資本公司(Lions Bay Capital Inc.)(TSXV：LBI)(“獅子灣“或”公司“)宣佈他們已同意將償還Salamander礦業國際有限公司的未償還貸款的期限延長六個月。貸款延期這筆貸款目前的未償還金額為936,686美元，新的到期日為2023年6月30日。根據貸款延期條款，Salamander將支付50,000美元的延長期費用，這筆費用將添加到未償還餘額中，並在到期時支付。貸款的未償還餘額總額將按15%的年利率計息。
In addition, Salamander has agreed to enter into a joint venture agreement with Lions Bay to pursue opportunities in Canada and Australia to exploit the use of technology developed by Salamander for the recovery of magnesium from chrysotile asbestos tailings. A new company will be formed that is equally owned by Salamander and LBI that will aim to secure suitable deposits. Salamander has successfully carried out pilot work on chrysotile deposits in Southern Africa which indicates the potential of the technology to produce low-cost magnesium hydroxide.
此外，Salamander已同意與獅子灣達成合資協定，以尋求在加拿大和澳大利亞利用Salamander開發的技術從溫石棉石棉尾礦中回收鎂的機會。將成立一家由Salamander和LBI平分擁有的新公司，旨在獲得合適的礦藏。火蜥蜴已經在南部非洲成功地開展了溫石棉礦藏的試驗工作，這表明了該技術生產低成本氫氧化鎂的潛力。
Lions Bay is a mining investment company. As at January 31, 2023, the Company had a working capital of $6,418,364 which includes the market value of its listed investments together with cash and receivables of $7,361,234. This equates to a working capital per common share of $0.05 as at January 31, 2023.
獅子灣是一家礦業投資公司。截至2023年1月31日，公司的營運資金為6,418,364美元，其中包括上市投資的市值以及現金和應收賬款7,361,234美元。這相當於截至2023年1月31日每股普通股的營運資本為0.05美元。
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.
欲瞭解更多資訊，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”、“專案”、“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資訊(“FOFI”)的推斷。本新聞稿中的資訊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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