New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.6m (US$9.21m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (CA$700k revenue, or US$513k). Market cap is less than US$10m (CA$12.6m market cap, or US$9.21m). New Risk • Nov 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.0m market cap, or US$7.14m). Announcement • Nov 09
Lions Bay Capital Inc. announced that it has received CAD 1.085 million in funding On November 7, 2025, the company has closed the transaction. The company has issued 3,975,000 units at a price of CAD 0.10 per Unit for aggregate gross proceeds of CAD 397,500. All securities issued under the Private Placement will be subject to statutory hold periods expiring March 8, 2026. Closing of the Private Placement is subject to final approval of the TSX Venture Exchange. The company has raised CAD 1,085,000 so far. Announcement • Oct 22
Lions Bay Capital Inc., Annual General Meeting, Dec 19, 2025 Lions Bay Capital Inc., Annual General Meeting, Dec 19, 2025. Location: british columbia, vancouver Canada New Risk • Aug 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (CA$15k revenue, or US$11k). Market cap is less than US$10m (CA$3.53m market cap, or US$2.57m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Aug 12
Lions Bay Capital Inc. announced that it expects to receive CAD 1.085 million in funding Lions Bay Capital Inc announced a a non-brokered private placement to issue 10,850,000 units at an issue price of CAD 0.10 for the proceeds of CAD 1,085,000 on August 11, 2025. Each unit will consist of one common share and one-half common share purchase warrant, with each full warrant being exercisable to purchase one common share at a price of CAD 0.20 for 24 months from the date of issuance. The transaction is subject to stock exchange approval and subject to hold period of four months and one day from the date of closing.. Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 18
Lions Bay Capital Inc. Announces the Appointment of Ryan Batros as Director Lions Bay Capital Inc. announced the appointment of Ryan Batros as a director of the Company. Mr. Batros has over 17 years of experience in the financial services industry with senior roles in stockbroking, corporate advisory, equity capital markets and investor relations. He brings a vast amount of market knowledge to the board and is a well respected member of the investment community. Board Change • Feb 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Pat Power was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
Lions Bay Capital Inc. Appoints Patrick Power to the Board and as Independent Member of the Audit Committee Lions Bay Capital Inc. announced electing independent director Patrick Power to the Company's Board. Mr. Power is a seasoned venture capitalist and financier with over 20 years of experience as a stock market professional and as director of public companies. Mr. Power has a wealth of experience as a savvy dealmaker, an adept financier and as a results-driven leader of dynamic public companies. In addition to joining the Company's Board, Mr. Power has been appointed as an independent member of the Company's Audit Committee. Announcement • Jul 16
Lions Bay Capital Inc., Annual General Meeting, Sep 12, 2024 Lions Bay Capital Inc., Annual General Meeting, Sep 12, 2024. Location: british columbia, vancouver Canada Board Change • Dec 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CFO & Director Anthony Balic was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Sep 29
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 1.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.26m market cap, or US$3.15m). Board Change • Jun 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CFO & Director Anthony Balic was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director John MacLachlan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 07
Lions Bay Capital Inc. Provides an Update on Savic Exploration Lions Bay Capital Inc. announced the receipt of very encouraging results from the recent exploration work on the Savic rare earth exploration areas in Western Victoria, Australia. The results include spectacular assays of over 2% total rare earths from samples taken from water bores drilled by the Victorian government which are 9 km east of the most recent drilling program carried out by Lions Bay. Under the agreement with Savic LBI has the right to earn a 50% interest in the project area by spending $5 million on exploration over 3 years. Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director John MacLachlan was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 18
Lions Bay Capital Inc. Provides an Update on Savic Exploration Lions Bay Capital Inc. announced the receipt of the phase 2 drilling report from SRK Consulting (Australasia) Pty Ltd. on the rare earth discovery being evaluated by the Savic Minerals Pty Ltd. ("Savic") joint venture. Lions Bay has the right to earn up to 50% interest on the Savic ground by spending AUD 5 million (CAD 4.47 million) over 3 years from January 2022. The Savic ground lies immediately adjacent to the Koppamurra Project of Australian Rare Earths. Assays from the recent phase 2 exploration on the Savic ground are expected in the next six weeks which will enable the geological team to determine a grid for resource definition drilling later this year. Board Change • May 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director John MacLachlan was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 16
Lions Bay Capital Inc. announced that it has received CAD 0.563911 million in funding On September 14, 2021, Lions Bay Capital Inc. closed the transaction. The company issued 7,048,889 units for gross proceeds of CAD 563,911.12. The securities issued pursuant to the transaction are subject to a four month hold period that expires on January 15, 2022. Announcement • Aug 31
Lions Bay Capital Inc. announced that it expects to receive CAD 0.56 million in funding Lions Bay Capital Inc. announces a non brokered private placement financing of up to 7,000,000 units at issue price of CAD 0.08 per unit for gross proceeds of CAD 560,000 on August 30, 2021. Each unit consists of one common share and one-half warrant. Each warrant can be exercisable to purchase an additional share at a price of CAD 0.10 per share for a period of 2 years from the closing of the transaction. The transaction is subject to approval of the TSX Venture Exchange. Board Change • Aug 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director John MacLachlan was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director John MacLachlan was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
Lions Bay Capital Inc. announced that it has received CAD 1.3158 million in funding On December 22, 2020, Lions Bay Capital Inc. (TSXV:LBI) closed the transaction. The transaction included participation from insider of the company for 6,000,000 units. The company paid a finder’s fee of CAD 15,330 in the transaction. The securities issued are subject to a four month hold period that expires on April 23, 2021. Announcement • Nov 18
Lions Bay Capital Inc. announced that it expects to receive CAD 1 million in funding Lions Bay Capital Inc. (TSXV:LBI) announced a private placement of up to 14,285,715 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 1,000,000 on November 17, 2020. Each unit consists of one common share and warrant, with each warrant exercisable into one additional common share at CAD 0.085 for a period of 18 months after the closing date . The transaction is subject to approval of the TSX Venture Exchange.