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| Date | 5 Sept 2023 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 3091L |
05 September 2023
Vinanz Limited
("Vinanz" or "the Company")
Commencement of Trading on US OTCQB Venture Market
Vinanz Limited (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, is pleased to announce that trading in the Company's Ordinary Shares on the OTCQB Venture Market ("OTC") in the United States will commence on 05 September 2023. The Company's shares will trade on the OTC Market under the ticker VINZF.
Vinanz's OTCQB information can be found on the OTC Markets website: https://www.otcmarkets.com/stock/VINZF/overview
There is no associated capital raise with this cross trade and Vinanz's Ordinary Shares will continue to trade on its primary listing, the Access segment of the Aquis Stock Exchange under the ticker BTC.
Cross trading on the OTCQB market allows the Company to access one of the world's largest investment markets to expand its reach into a broader pool of investors. Vinanz's shares will be available to US investors during US working hours and priced in US dollars and thus has the potential to enable greater liquidity in the Company's shares on the Aquis Stock Exchange by easing cross-border trading for potential US investors. Further information about the OTCQB market can be found at: https://www.otcmarkets.com/learn/market-101
David Lenigas, Executive Chairman of Vinanz, said: Following our successful listing in London in April 2023, we are looking to offer our shareholders increased liquidity and trading options. Bitcoin and Bitcoin mining in North America is an exciting sector to be in and we look forward to seeing trading in our shares on both sides of the pond. Joining the OTCQB market provides us with access to investors in a major market with minimal ongoing associated costs, significantly increasing our exposure and trading liquidity with no additional reporting requirements.
About Vinanz
Vinanz is listed on the London Aquis markets and aims to build 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.
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
The directors of Vinanz accept responsibility for this announcement.
For further information please contact:
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Vinanz Limited David Lenigas Jeremy Edelman |
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First Sentinel (Corporate Adviser and Broker) Brian Stockbridge |
+44 (0) 20 3989 2222
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Clear Capital Markets (Broker) Bob Roberts |
+44 (0) 20 3869 6080 |