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 Texas, Indiana, Iowa 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.