Lions Bay acquires 3.36 M Fidelity Minerals shares

Executive Summary

• Lions Bay Capital Inc. acquired an additional 3,361,344 common shares of Fidelity Minerals Corp. at $0.13 per share, increasing its stake to 43.80% of the outstanding common equity.
• The acquisition settles $436,975 in outstanding loans owed by Fidelity Minerals to Lions Bay.
• Including exercisable warrants, Lions Bay could own up to 46.12% of Fidelity’s shares on a partially diluted basis.

Key Details

• Acquisition price: $0.13 per share for 3,361,344 common shares.
• Total cash paid (approx.): $436,975, representing full settlement of the related debt.
• Pre‑acquisition holding: 13,540,162 shares (≈38.43% of Fidelity’s issued and outstanding common shares).
• Post‑acquisition holding: 16,901,506 shares (≈43.80% undiluted).
• Warrants held by Lions Bay: exercisable for up to 1,662,500 additional common shares.
• Potential fully exercised position: 18,564,006 shares (≈46.12% partially diluted).
• The securities are being held for investment purposes; future buying or selling will depend on market conditions and other opportunities.
• Statement from John Byrne (Executive Chairman, Lions Bay): “We are very excited by the potential of the Las Huaquillas property… a Tier 1 epithermal gold and porphyry target.”

Notable Quotes

“We are very excited by the potential of the Las Huaquillas property held by Fidelity, which we consider a Tier 1 epithermal gold and porphyry target,” – John Byrne, Executive Chairman, Lions Bay Capital.