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Clear Leisure raises £300,000 to cover cryptocurrency strategy
AIM-quoted investment firm Clear Leisure raised £300,000 on Friday in an over-subscribed placing with certain existing and new investors in order to cover legal costs associated with debt recovery and to continue the development of the company's cryptocurrency strategy.
As part of the placing, Clear Leisure made 42,857,143 new ordinary shares available at a price of 0.7p per share, with the admission of the shares to AIM, which will rank pari passu with the existing ordinary shares at a nominal value 0.25p each, expected to take place on 21 March.
Clear Leisure invested 200,000 back in December for a 50% interest in bitcoin miner Miner One, and the firm was seen to looking to make a further investment in another bitcoin miner 64Bit.
Following admission, Clear Leisure's enlarged issued share capital will comprise 433,803,192 ordinary shares.
As of 1120 GMT, shares had tumbled 18.92% to 0.750p.