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Aim-listed Metals One has entered into a binding term sheet with TSX-V-listed Lions Bay Capital, Salamander Consulting and Lions Bay Resources (LBR) for the proposed acquisition of the remaining interests in LBR that the company does not already own. Under the revised structure, Metals One intends to exercise its existing option to increase its interest in LBR from 30% to 49.99%, as well as to acquire the remaining 50.01% from Lions Bay Capital and Salamander through two separate share-for-share transactions.
