Metals One to move to around 50% of Lions Bay Capital
Metals One is participating in a major transaction that will simplify the ownership structure for the Barbrook and Vantage gold assets in South Africa that will shortly be coming into the ownership of Lions Bay Capital. The South African assets are just exiting a bankruptcy status in a process that now has government approval and, once the transaction is complete, will be 100%-owned by Venture-listed Lions Bay Capital. Metals One, in turn, will own roughly 50% of Lions Bay Capital. In addition, Metals One will take a bigger stake in Fidelity, a company with major exploration upside in South America. Dan Maling joins Vox to tell us how it all fits together.
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