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Clear Leisure awarded first refusal on wound-up Mediapolis' land
AIM-quoted investment company Clear Leisure has received confirmation from its Italian legal adviser that it has been awarded first refusal on a large block of land owned by Mediapolis, which was wound up earlier this year, leaving millions in debts to creditors, including Clear Leisure.
The sale of Mediapolis' land, on which it intended to build a theme park, will help Clear recover as much as 2.68m of the 8.21m of debt from the defunct Italian firm.
"The company will shortly commence negotiations with the receiver to establish the most appropriate strategy to ensure a satisfactory conclusion is reached for Clear Leisure and the other creditors," the group said on Tuesday.
Clear Leisure also advised investors that the company's bitcoin mining data centre had been shipped to Serbia, where it was currently in customs ahead of arriving on site "later this week".
Following the successful testing of the unit in Italy, it was expected to be running at full capacity for Bitcoin extraction within a few days of arrival.
As of 1500 BST, Clear shares had grown 6.40% to 1.08p.