Lions Bay Capital enters binding term sheet for Metals One acquisition of Lions Bay Resources

Lions Bay Capital Inc. (TSXV: LBI) entered a binding term sheet with Metals One Plc (AIM: MET1) and other parties for the acquisition of Lions Bay Resources (LBR). Metals One will exercise an option to raise its LBR interest to 49.99% and acquire the remaining 50.01% from Lions Bay Capital and Salamander Consulting via share-for-share transactions, making LBR a wholly owned subsidiary of Metals One.

Detected & updated continuously · Source: Nebula