A reminder.....10 Mar 2021 13:17
What surprising news could they pounce on us here Other THAN court case....?
680K Placing:
RNS on selective further investments in Clear Leisure’s growing portfolio of technology businesses.
Relocation - increase the necessary and material computing power in our crypto currencies data centre, to make it a competitive business, once relocated.
RNS -complete the preparatory work for the launch of the Company’s previously announced EIS Investment Fund.see below
Finally, it also gives us sufficient resources to support our current investment portfolio, if and when required, as well as looking at new and exciting technology opportunities.”
Aug 2020
New Technology Investment Initiative
Clear Leisure is in the early stages of launching a new investment initiative focused on high growth technology companies. The Company has engaged Sapphire Capital Partners LLP, (https://www.sapphirecapitalpartners.co.uk/) a London and Belfast-based FCA approved and regulated investment management partnership, to act as the Investment Manager to establish and manage an EIS fund aimed at professional and qualifying retail investors. Sapphire currently manages 33 funds with approximately £60 million under management.
The proposed fund will seek to invest in companies which focus on the integration of biological and digital systems.
Clear Leisure will scout, source, analyse and perform due diligence on innovative startups within this industry and mainly in the UK, while the final investment decision will be approved by Sapphire Capital. The target fundraising for the fund is £10m, with an initial round of £3m. No dilution will take place of shareholders in Clear Leisure.
Once the Fund Information Memorandum is finalised and FCA approval granted, which could take several months, potential investors will be approached to commence fund raising.
£1m Placing:
Accelerate and widen the development of its crypto currency plans including: more quickly entering into cloud mining contracts with existing mining pool operators;
Financing the setup of a bitcoin mining operation in Italy;
Sourcing economic renewable wind farm and hydroelectric energy;
in addition to the proposed operation in Italy, build one or more replicas of the Company’s existing bitcoin cryptocurrency infrastructure currently located in Serbia;
Financing the developing of innovative hardware solutions for crypto currency mining and making a direct move in the segment of new crypto validators.
The COURT CASE:
CEO - Points to a successful court payout.
That is a chapter in itself - we all await a successful conclusion. Or an update.