Vinanz Ltd (LON: BTC) raised £350,000 at 3p/share at a premium to the then market price. During the week the share price jumped 135% to 6.75p. The cash will be used to buy 250 bitcoin miners, which will triple the bitcoin mining capacity in North America. Vinanz hopes to have the new machines up and running by the end of the year. Vinanz should be able to generate bitcoin worth $1.2m each year.
Shares in wine maker Chapel Down Group (LON: CDGP) revealed firm plans to move to Aim, probably on 7 December. This could lead to an additional 10.8 million shares being issued, which would represent 6.5% dilution, to simplify the share structure. There will be no cash raised at the time of the move. The latest harvest was of 3,811 tonnes of grapes, which is 86% more than in 2022. This should be enough for 3.4 million bottles of wine, including a greater amount of sparkling wine. The share price rose 10.6% to 52p.
Wishbone Gold (LON: WSBN) says diamond drilling has started at the Cottesloe tenement in Australia. The share price improved 5% to 2.1p.
FALLERS
S-Ventures (LON: SVEN) has arranged a bridging facility of £1m, which is repayable in six months. The interest rate is 2%/month. There are still plans to raise at least £2.5m. The share price fell 13.7% to 4.1p.
Castlefield Investment Partners reduced its stake in Capital for Colleagues (LON: CFCP) from 41.9% to just under 39%. Seven of the company’s directors acquired a total of 593,963 shares at 57.5p each. The share price dipped 8% to 57.5p.
The Scottish Net Zero Secretary toured the Bathgate factory of Invinity Energy Systems (LON: IES) and the share price decreased 2.6% to 37.5p.
Psych Capital (LON: PSY) has completed the acquisition of Shortwave Pharma Inc, which is developing therapies to address eating disorders. Rivki Stern is joining as chief executive and Roy Kait is also joining the board as a non-exec. Chairman Joseph Colliver has left the board. The share price slipped 1.61% to 3.05p.
