16th Mar 2018 10:21
LONDON (Alliance News) - Italy-focused leisure, real estate and cryptocurrency investor Clear Leisure PLC said Friday it raised GBP300,000 in an over-subscribed and deeply discounted share placing.
Clear Leisure issued 42.9 million shares at 0.7 pence per share. Shares in Clear Leisure were 17% lower at 0.76 pence on Friday, though still 8.6% higher than the placing price.
After admission - expected next Wednesday - Clear Leisure will have 433.8 million shares outstanding.
The company said proceeds from the placing would go towards working capital, legal costs for debt recovery proceedings and development of its cryptocurrency strategy.
In December 2017, Clear Leisure invested EUR200,000 for a 50% interest in bitcoin miner Miner One Ltd. Clear Leisure also looked to invest in another bitcoin miner 64Bit Ltd.
In October 2017, Clear Leisure was named beneficiary of a first charge on development land owned by wound-up Italian unit Mediapolis srl up to an amount of EUR5.04 million, whilst the Olivetti Multiservices' debt of EUR4.29 million acquired by Clear Leisure provided an additional charge of EUR4 million.
Related Shares:
CLP.L
