16 May 2024 07:00
16 May 2024
Vinanz Limited
("Vinanz" or "the Company")
Issue of Escrowed Equity and Total Voting Rights
Vinanz Limited (US OTCQB: VINZF and London AQSE: BTC), the London listed Bitcoin mining company focusing on decentralised deployment of Bitcoin mining clusters in multiple data facilities throughout the US and Canada, advises that it has signed a contract with US firm Church & Keeler Inc ("C&K") whereby they will be providing professional services designed to assist Vinanz with developing a comprehensive strategy to expand the Company's Bitcoin footprint and presence in the region.
As part of C&K's compensation package, Vinanz will be issuing a total of two million new shares to C&K ("New Shares") comprising of one million new Vinanz Limited shares, escrowed for nine months, and a further one million shares escrowed for twelve months from today's date.
Total Voting Rights:
Application will be made to the Aquis Stock Exchange for admission of these New Shares to trading on Aquis ("Admission"). These shares will have escrowed provisions attached with one million shares escrowed until the 15 February 2025 and one million shares escrowed until 15 May 2025.
Although the New Shares will be escrowed, these New 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 will be 160,267,707 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 Limited
Vinanz is listed in London Aquis and 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. Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi and Big Data space in the future. The Company intends to be able to provide a listed UK platform to offer entry to the technology and cryptocurrency business.
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