2351: Lions Bay Capital targets 4.5m ounces of gold in SA
MAR 26, 20269 MIN
2351: Lions Bay Capital targets 4.5m ounces of gold in SA
MAR 26, 20269 MIN
Description
<div><p><a href="https://www.youtube.com/watch?v=T8r3pA_rbeE"><strong>Watch on YouTube<br></strong></a><strong><br></strong><a href="https://www.voxmarkets.com/listings/LBI:CA"><strong>Lions Bay Capital (TSXV LBI)</strong></a> which has a close association with London-listed <a href="https://voxmarkets.com/listings/MET1:LN">Metals One</a>, has announced further progress on its plans to acquire the assets of Vantage Gold, a company which has been in the Business Rescue bankruptcy process in South Africa for some years. Vantage's assets include a sizeable 4.5 million ounce resource, as well as plant and significant underground development. The deal is somewhat intricate, both in terms of financing, and in terms of extracting the assets from the jurisdiction of the courts. John Byrne, Lions Bay's chairman, joins Vox to tell us how it all fits together.</p></div>