March 15, 2018
On March 15, 2018, Lions Bay Capital Inc. (TSXV: LBI) announced that it had entered into a loan agreement arranged by Riverfort Global Capital Ltd. (“Riverfort”) on behalf of Cuart Investments PCC Ltd. (“Cuart”) for a secured loan facility to be drawn in tranches up to an aggregate of $5 million.
Lions Bay is focused on investment opportunities in the mining, clean energy and clean technology sectors, providing public and private companies early-stage financial support by way of equity or debt. The proceeds of the loan facility will be available to support investments made by the company.
Geoff Clarke and David Reynolds advised Riverfort and Cuart with respect to the negotiation of this agreement.