(Alliance News) - Shares jumped in Clear Leisure PLC on Monday following the raising of GBP1.0 million through a placing, the cash going towards acceleration of cryptocurrency plans.
The technology sector-focused investor based in London raised the funds through the issue of 100.0 million shares at a price of 1.0 pence each to individual investor John Story, a new shareholder.
Shares in Clear Leisure were 76% higher at 2.20 pence on Monday in London, having hit an intraday peak of 2.60p.
Story also will be issued 100.0 million warrants, which will entitle him to subscribe for one new Clear Leisure share at a price of 2p per share within the next two years.
Proceeds from the placing will go towards entry into cloud mining contracts with existing mining pool operators, setting up a new bitcoin mining operation in Italy, and building one or more replicas of Clear Leisure's cryptocurrency infrastructure in Serbia.
Following the placing but before any warrants are exercised, Story will have an 11% stake in Clear Leisure. Clear Leisure now has 897.6 million shares issued overall.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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