9 December 2024
Vinanz
Limited
£1.5m Conditional Placing on
LSE Admission
London, New York, December 9, 2024, Vinanz
Limited (US OTCQB: VINZF and AQSE:
BTC in London) ("Vinanz" or "the Company"),
the publicly listed Bitcoin mining company with US and Canadian
Bitcoin mining operations, announces that
it has received firm commitments to raise £1.5 million (gross) at
14.5 pence per share SUBJECT TO
ADMISSION of the Company shares on the
London Stock Exchange, as per the Company's news release dated 4
December 2024.
This conditional placing will be
used primarily to expand the Company's Bitcoin mining fleet in its
North American Bitcoin mining operations and expand our operations
into new US States in the new year. Vinanz is focused on building
up a stock of Bitcoin by generating Bitcoin from its
expanding network of Bitcoin miners in
third-party hosting facilities in North America. Vinanz currently
has a fleet of miners operating in facilities located in Indiana,
Iowa and Nebraska in the USA and Labrador in Canada.
On 4 December, Vinanz advised of its
intention to apply for the Company's ordinary shares to be admitted
to the Official List (by way of a listing on the Transition
Category) of the Financial Conduct Authority ("FCA") and to trading
on the main market ("Main Market") for listed securities of the
London Stock Exchange (together "Admission").
The placing is subject to (i) the
approval by the FCA of a prospectus and; (ii) Admission. The
Company will make a further announcement on the status of the
proposed applications for Admission, together with the timeline for
Admission, in due course.
David Lenigas, Vinanz's
Chairman, commented; "It's fantastic to gain this extra financial
support as we move towards a potential LSE listing from existing
and new potential shareholders. These extra funds will be
channelled towards mining more Bitcoin in North America and
building our strategic Bitcoin reserve."
About Vinanz Limited
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 Labrador (Canada) and Indiana, Iowa and Nebraska in the
USA. Whilst the Company will focus initially on BTC mining, it will
also consider the mining of other cryptocurrencies in the
future.
The directors of Vinanz Limited
accept responsibility for this announcement.
CONTACTS:
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