Lions Bay Capital Inc V.LBI

Fidelity Minerals TAKEOVER? $FMN.V

[momo14]

Lions Bay Capital Inc., on Dec. 1, 2020, acquired ownership of an additional 1.6 million common shares of Fidelity Minerals Corp. at a price of 10 cents per share on the open market for consideration of $160,000. Prior to the acquisition, the acquiror owned an aggregate of 18,515,811 common shares of the issuer, representing approximately 37.71 per cent of the issued and outstanding common shares of the issuer on an undiluted basis. As a result of the acquisition, the acquiror owns a total of 20,115,811 common shares of the issuer, representing approximately 40.96 per cent of the issued and outstanding common shares of the issuer on an undiluted basis. The acquiror also owns warrants exercisable to acquire up to 10,815,583 common shares of the issuer. If the acquiror were to exercise all of its warrants, it would then own 30,931,394 common shares of the issuer, representing approximately 51.62 per cent of the issued and outstanding shares of the issuer on a partially diluted basis, assuming that no further common shares of the issuer have been issued. "We are very excited by the potential of the gold properties held by Fidelity. Lions Bay has been instrumental in the restructuring and strengthening of Fidelity's balance sheet. There is no doubt in our view that two of the properties, Las Huaquillas and Las Brujas, are world class, Tier 1 epithermal gold and porphyry targets," stated John Byrne, the executive chairman of Lions Bay.

[momo14]

Guess you are buying Fidelity Minerals $FMN.V after last Lions Bay news right???

[cookiemonster01]

Yes, I guess so too. The news release mentioned that and they gave more information about the acquisition.

[cyclops]

That's a great one for Lions bay capital