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LONDON--Investment company Clear Leisure PLC (CLP.LN) on Friday said it is seeking to raise additional working capital and is in advanced discussions with a number of different parties to provide a short term, secured debt facility.

Clear Leisure also said it has held discussions with certain parties to subscribe for new ordinary shares conditional on the passing of the resolutions at the company's annual general meeting on March 11 and the withdrawal of Westhouse Securities Ltd's petition. Discussions with Westhouse Securities are proceeding positively, it added.

The company said it remains positive that additional capital can be raised in the immediate short term to allow it to continue to trade.

Shares at 0907 GMT down 0.03 pence, or 2.7%, at 0.9 pence.

-Write to Jana Simmons at jana.simmons@wsj.com

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