LIONS GATE INVESTMENT LIMITED
                                   Suite 2901
                            1201 Marinaside Crescent
                                 Vancouver, B.C.
                                 V6Z 2V2 Canada
                Telephone: (604)681-9588 Facsimile: (604)688-4933



                                                              October 23, 2000


VIA EDGAR/FACSIMILE:  (202)942-9516

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549

Attention:  Mr. David Link, Mail Stop 0304

Dear Mr. Link:

Re:  Lions Gate Investment Limited
     - Request  for  Withdrawal  of  Form  SB2  Registration    Statement  (File
       No. 333-35760)
     - Amendment No. 2 - Filed September 20, 2000
- --------------------------------------------------------------------------------

                  On behalf of Lions Gate Investment Limited (the "Company"),  I
hereby  withdraw  the  Company's  Form  SB2  Registration  Statement  (file  no.
333-35760)  as we feel it is  impractical  to proceed  with an SB2 offering as a
blank check company due to current lack of interest in the market place.

                                       Yours truly,

                                       LIONS GATE INVESTMENT LIMITED

                                       Per: /s/ Keith Ebert
                                            Keith Ebert,
                                            President, C.F.O. and Director