Quantum Blockchain Technologies Plc Placing for £1 million

 
TIDMQBT 
 
1 June 2023 
 
                      Quantum Blockchain Technologies Plc 
                      ("Quantum Blockchain Technologies" 
 
                               or "the Company") 
 
                          Placing to Raise £1,000,000 
 
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to announce 
that it has raised £1,000,000 (before expenses) through the placing of 
71,428,571 new ordinary shares of 0.25 pence each in the Company ("Placing 
Shares") at a price of 1.4 pence per Placing Share (the "Placing"). 
 
The net proceeds of the Placing will allow the Company to continue to progress 
its research and development programmes, particularly the further development 
of its proprietary bitcoin mining machine learning algorithms and software 
product release, North America business development activities, fund the 
progression of the Sipiem in Liquidazione S.r.l's response to the defendants' 
appeal and provide general working capital. 
 
Francesco Gardin, Executive Chairman and CEO of QBT, commented: 
 
"We are pleased to have performed this placing, which secures the funds to 
continue implementing the development of the Company's cutting edge proprietary 
technologies " 
 
Admission & Total Voting Rights 
 
Application will be made for the 71,428,571 Placing Shares to be admitted to 
trading on AIM with admission expected to occur on or around 6 June 2023. The 
Placing Shares will rank pari passu with the Company's existing Ordinary 
Shares. 
 
Following admission of the Placing Shares, the Company's enlarged issued share 
capital will comprise 1,068,980,422 ordinary shares of 0.25 pence each. 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 in their interest in, the share capital of the Company under the FCA's 
Disclosure and Transparency Rules. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law 
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed 
in accordance with the Company's obligations under Article 17 of MAR. 
 
                                    -ends- 
 
For further information please contact: 
 
Quantum Blockchain Technologies Plc                                        +39 
335 296573 
 
Francesco Gardin, CEO and Executive Chairman 
 
SP Angel Corporate Finance (Nominated Adviser & Broker)         [phone] 
0470 
 
Jeff Keating, Kasia Brzozowska 
 
Leander (Financial PR) 
                                                                      +44 (0) 
7795 168 157 
 
Christian Taylor-Wilkinson 
 
About Quantum Blockchain Technologies Plc 
 
QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development and 
investing company focused on an intensive R&D programme to disrupt the 
Blockchain Technologies sector and, which includes, cryptocurrency mining and 
other advanced blockchain applications. The primary goal of the R&D programme 
is to develop Bitcoin mining tools and techniques, via its technology-driven 
approach, which the Company believes will significantly outperform existing 
market practices. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 01, 2023 02:00 ET (06:00 GMT)