Skip to content

Vinanz Limited - Placing at 13 pence per Share


Announcement provided by

Vinanz Limited · BTC

27/09/2024 07:43

Vinanz Limited - Placing at 13 pence per Share
RNS Number : 9938F
Vinanz Limited
27 September 2024
 

27 September 2024

 

 

 

Vinanz Limited

 

("Vinanz" or "the Company")

 

Placing at 13 pence per Share to Expand Bitcoin Mining Operations

 

 

London, New York, 27 September 2024, Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the London listed Bitcoin mining company focusing on decentralised deployment of Bitcoin mining clusters in multiple data facilities throughout the US and Canada, is pleased to announce that it has received firm placing agreements to raise £608,300 (gross) at 13 pence per shares by issuing 4,679,230 new ordinary shares.

 

These new funds will be used primarily to acquire additional Bitcoin miners to boost the Company's current Bitcoin mining fleet in North America and for general working capital.

 

David Lenigas, Vinanz's Executive Chairman, said:

 

"It's fantastic that we have managed to raise this money to build out and expand our growing Bitcoin fleet in North America. No one really knows what's going to happen to the Bitcoin price through 2024 and beyond, but we are anticipating a strong rise in the Bitcoin price in the coming months to years and we remain laser focused on accelerating our expansion plans in North America. Raising fresh equity now to increase the mining fleet puts the Company into a much stronger financial position going forward, especially if we do see the much anticipated rise in Bitcoin prices."

 

Placing and Total Voting Rights

The Company has received firm and binding Placing Agreements from Placees to raise gross proceeds of £608,300 (gross) through the placing of 4,679,230 new Ordinary Shares ("Placing Shares") at a price of 13 pence per share ("Placing Price"). 

Application will be made to the Aquis Stock Exchange for admission of the 4,679,230 Placing Shares to trading on Aquis. It is expected that admission will become effective and dealings in the Placing Shares will commence on Aquis at 8.00 a.m. on or around 4 October 2024 (or such later date as may be agreed between the Company and the Placees).

The Placing Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the Company on issue will be 167,446,937 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.

 

About Vinanz

 

Vinanz's primary listing is in London (United Kingdom) on the Aquis Exchange under the ticker BTC and trades in the USA on the US OTCQB under the ticker VINZF. Vinanz is a British Virgin Island (BVI) domiciled company that is building out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. Currently, Vinanz operates Bitcoin miners in TexasIndianaIowa and Nebraska in the USA and in Labrador (Canada). Whilst the Company will focus initially on BTC mining, it will also consider operations in the DeFi, AI and Big Data space in the future.

 

The Company's admission document is available to view on its website www.vinanz.co.uk

 

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

Enquiries

 

For further information please contact:

 

Vinanz Limited

David Lenigas                                      david@vinanz.co.uk

Jeremy Edelman                                  jeremy@vinanz.co.uk

 

First Sentinel (Corporate Adviser and Broker)

Brian Stockbridge                                brian@first-sentinel.com

                                                            +44 (0) 20 3855 5551

 

Clear Capital Markets (Broker)

Bob Roberts                                         bobroberts@clear-cm.co.uk

                                                            +44 (0) 20 3869 6080

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXSEESMWELSELU]]>

View more ...

BTC announcementsAll announcements

Company

  • About
  • News
  • Investor Relations
  • Contact
  • Careers
ISO 27001 Certified

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal