Lions Bay Capital, Inc. (TSE:LBI) has released an update.
Lions Bay Capital Inc. has increased its stake in Fidelity Minerals Corp. to approximately 49.91% by acquiring an additional 8.5 million shares through a shares for debt transaction. This strategic move, settling $425,000 of debt, is fuelled by the company’s optimism about Fidelity’s Las Huaquillas property, a promising gold and porphyry target. The company may further adjust its investment based on market conditions and opportunities.
For further insights into TSE:LBI stock, check out TipRanks’ Stock Analysis page.
