Lions Bay Completes Second and Final Tranche of Non-Brokered Private Placement

Private Placement Details: Lions Bay Capital Inc. has closed the second tranche of a non-brokered private placement, issuing 3,975,000 units at $0.10 each, raising a total of $397,500, with aggregate proceeds from both tranches amounting to $1,085,000.

Strategic Investment by Metals One: Metals One Plc acquired 7,500,000 units, representing approximately 19.10% of Lions Bay's outstanding shares, and plans to hold the investment long-term while potentially acquiring more securities in the future.

Use of Proceeds: The funds raised from the private placement will be used for due diligence on a cogeneration power plant, debt reduction, and general working capital.

Company Overview: Lions Bay Capital focuses on mining finance and investment, aiming to unlock value in underperforming resource assets, particularly in gold and copper, under the leadership of Executive Chairman John Byrne.