RE: John Story's Investment5 Apr 2021 21:08
What was written in the RNS below obviously means that JS and Francesco have discussed at length the crypto play. He must have been satisfied enough to invest with some of his punt money.
JS has also done well with little punt on ZOE?
RNS:
Placing to Raise £1,000,000
The board of Clear Leisure (AIM: CLP) is pleased to announce that it has today raised £1,000,000 (before expenses) through the placing of 100,000,000 new ordinary shares of 0.25 pence each in the Company (“Placing Shares”) at a price of 1 pence per share (the “Placing”) to an individual investor, Mr John Story.
The net proceeds of the Placing will allow Clear Leisure to 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; and financing the developing of innovative hardware solutions for crypto currency mining and making a direct move in the segment of new crypto validators.
Mr Story will also be granted 100,000,000 warrants over Clear Leisure ordinary shares (the “Warrants”). Each Warrant will entitle the warrant holder to subscribe for one new Clear Leisure share at a price of 2 pence per Ordinary Share and will be exercisable for a period of two years from the date of admission to AIM of the Placing Shares. The Warrants will not be admitted to trading on AIM and will be transferrable in accordance with the terms of the warrant instrument to be entered into by the Company. Any Clear Leisure ordinary shares issued pursuant to the Warrants will, when issued, be admitted to trading on AIM.
Following the Placing but before any exercise of the Warrants, Mr Story will have an approximate 11.14% interest in the ordinary shares of Clear Leisure.
Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented:
“I am very pleased to be able to welcome John Story as a substantial shareholder in Clear Leisure and have direct access to the exciting technologies he has recently invested into, which could be extremely beneficial to our new cryptocurrencies initiatives”