Vinanz Limited ADMISSION TO TRADING AND FIRST DAY OF DEALINGS (9619W)
April 21 2023 - 1:00AM
UK Regulatory
TIDMBTC
RNS Number : 9619W
Vinanz Limited
21 April 2023
21 April 2023
Vinanz Limited
("Vinanz" or the "Company")
ADMISSION TO TRADING AND FIRST DAY OF DEALINGS
Vinanz (AQSE: BTC) is pleased to announce that admission of its
ordinary shares of no par value ("Ordinary Shares") to trading on
the Access segment of the Aquis Stock Exchange ("AQSE") will take
place and dealings will commence at 8.00 a.m., 21 April 2023
("Admission"), under the ticker BTC and ISIN number
VGG9520B1004.
The commencement of trading of the Company's Ordinary Shares
follows a successful subscription and placing by Vinanz for a total
of 25,166,667 Ordinary Shares at 3p per Ordinary Share, raising
gross proceeds of GBP755,000 (before expenses).
In addition, as announced by Valereum PLC ("Valereum") on 18
August 2022, Valereum and Vinanz have entered into an asset
purchase agreement pursuant to which the Company agreed to acquire
certain Bitcoin mining machines and Bitcoins from Valereum.
Completion of the acquisition was subject to and conditional upon
the satisfaction of certain conditions, including Admission.
Following the Company's Admission, 20 Bitcoin mining machines and
5.01153011 Bitcoins are effectively transferred to the Company in
consideration for the issue of 27,325,171 new Ordinary Shares to
Valereum , representing a holding of 23.46% of the Company. The
Ordinary Shares issued to Valereum are subject to a 12-month
lock-in period. David Lenigas, the Executive Chairman of the
Company, currently holds an 8.63% shareholding in Valereum.
On Admission, the Company will have 116,491,839 Ordinary Shares
in issue and the market capitalisation of the Company will be
approximately GBP3,494,755.
About Vinanz
Vinanz aims to build 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. Whilst the Company
will focus initially on BTC mining, it will also consider the
mining of other cryptocurrencies, and operations in the DeFi and
Big Data space in the future. The Company intends to be able to
provide a listed UK platform to offer entry to the technology and
cryptocurrency business.
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.
For further information please contact:
Vinanz Limited
-----------------------------------------------
Jeremy Edelman jeremy@vinanz.co.uk
-------------------- -------------------------
First Sentinel (Corporate Adviser & Broker)
-----------------------------------------------
Brian Stockbridge brian@first-sentinel.com
+44 (0) 20 3989 2222
-------------------- -------------------------
Clear Capital Markets (Broker)
-----------------------------------------------
Bob Roberts +44 (0) 20 3869 6080
-------------------- -------------------------
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END
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