£1.5m Conditional Placing on LSE Admission
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
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