Lions Bay Capital Inc. Enters Into Agreement to Purchase USD $2.1 Million Loan Note
Lions Bay Capital Inc. Enters Into Agreement to Purchase USD $2.1 Million Loan Note
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2023) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") has entered into an agreement to purchase a USD $2.1 million loan note ("Loan Note") from Salamander Mining International Limited ("Salamander"). The Loan Note is owed by GnT Mining Propriety Limited ("GnT") and its subsidiary Bosveld Mines Propriety Limited ("Bosveld"). The Loan Note has priority ranking over shareholder and other debt and is secured by the Bosveld tailings project. GnT is a private company and owns 70 per cent of Bosveld which in turn owns the Klipwal gold mine in KwaZulu -Natal, South Africa. Klipwal is currently an open cut operation with a 50,000 tpa treatment plant. GnT is working on a plan to develop a tailings treatment operation by the end of the year and start work on refurbishment on an underground mine.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年6月16日)-獅子灣資本公司。(TSXV：LBI) (“獅子灣”或“公司”)已達成協定，購買210萬美元的貸款票據(“借款票據“)來自火蜥蜴礦業國際有限公司(”火蜥蜴“)。貸款票據由GnT礦業產權有限公司(”GNTT“)及其附屬公司博斯維爾德礦業有限公司(”博斯維爾德貸款票據優先於股東和其他債務，由博斯維爾德尾礦專案擔保。GNTT是一傢俬人公司，擁有博斯維爾德70%的股份，博斯維爾德擁有南非誇組魯-納塔爾的Klipwal金礦。Klipwal目前是一家露天開採企業，擁有一座5萬噸/年的處理廠。GNTT正在制定一項計劃，在今年年底前開發尾礦處理業務，並開始翻新地下礦山。
The Loan Note is interest free until May 2025 at which point interest is charged at libor plus 4 per cent. Should GnT be successful with the implementation of its plans the repayments on the loan note could be expected to commence in 2024.
貸款票據在2025年5月之前是免息的，屆時利息將按Libor加4%收取。如果GNTT成功執行其計劃，預計將於2024年開始償還貸款票據。
The purchase of the Loan Note with a face value of USD $2.1 million is to be satisfied by the forgiveness of the USD $1,077,928 debt that Lions Bay has owing from Salamander and the payment of USD $200,000 by Lions Bay to Salamander over the next 8 months.
購買面值為210萬美元的貸款票據將通過免除獅子灣欠火蜥蜴的1,077,928美元債務以及獅子灣在未來8個月內向火蜥蜴支付200,000美元來償還。
As at May 31, 2023 the value of the Company's listed investment portfolio was CAD $5.4 million or an investment value of CAD $0.038 per common share of the Company. These numbers exclude the Company's Salamander loan receivable of USD $1,077,928, derivative financial instrument portfolio and unlisted investments to which Lions Bay is providing seed with a view to an eventual public listing. If the loan note is included at USD $2.1 million, the value of the investment book rises to CAD $8.2 million or CAD $0.058 cents per share.
截至2023年5月31日，公司上市投資組合的價值為540萬加元，或公司普通股每股投資價值0.038加元。這些數位不包括公司1,077,928美元的應收Salamander貸款、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。如果包括210萬美元的貸款票據，投資賬面價值上升到820萬加元或每股0.058加元。
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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