Lions Bay Capital Inc. provides notice that it intends to complete a consolidation of its common shares on the basis of five pre-Consolidation Common Shares for one post-Consolidation Common Share. As of the date hereof, there are 142,105,852 Common Shares issued and outstanding. On a post-Consolidation basis, the Company shall have approximately 28,421,170 Common Shares issued and outstanding. The Company would also like to announce it has arranged a non-brokered private placement of up to 10,850,000 units of the Company at a post consolidation price of $0.10 per Unit for aggregate gross proceeds of up to $1,085,000 . Each Unit will consist of one common share and one-half common share purchase warrant, with each full warrant being exercisable to purchase one Common Share at...