REG - Cloudbreak Discovery - Drawdown of Equity Facility

Cloudbreak DiscoveryAnnouncement

30/09/2022 07:01

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RNS Number : 2541B  Cloudbreak Discovery PLC  30 September 2022

30 September 2022

 

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

 

Drawdown of Equity Facility

 

Cloudbreak Discovery Plc (LSE: CDL), a leading natural resources project
generator with a particular focus on commodities key to the energy transition,
announces that it has elected to draw down £180,180 of the £10
million Equity Drawdown Agreement with Crescita Capital LLC ("Crescita")
entered into on 16 February 2021. The shares have been issued at 1.3
pence per share resulting in 14 million new ordinary shares being issued.

The capital drawn down will be used to advance the Company's acquisitions of
energy royalties, lithium assets and bauxite projects globally.

Application is being made for the new ordinary shares to be admitted to
trading which is expected to be on or around 5 October 2022. These shares
rank pari passu with the existing ordinary shares of the Company. Following
the issue of these shares, the Company's issued ordinary share capital shall
consist of 562,001,976 ordinary shares. The figure of 562,001,976 represents
the total voting rights in the Company and should be used by shareholders as
the denominator for the calculation by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's ("FCA") Disclosure Guidance
& Transparency Rules.

- Ends -

 

For additional information please contact:

 

 Cloudbreak Discovery PLC                                     Tel: +1 604 428 9480

                                                              Kyler Hardy, CEO                  khardy@cloudbreakdiscovery.com (mailto:khardy@cloudbreakdiscovery.com)

 Novum Securities                                             Tel: +44 7399 9400

 (Financial Adviser)
                                                              David Coffman / Lucy Bowden

 Shard Capital Partners                                       Tel: +44 207 186 9900

 (Broker)

                                                              Damon Heath / Isabella Pierre

 BlytheRay                                                    Tel: +44 207 138 3204             Cloudbreak@blytheray.com (mailto:Cloudbreak@blytheray.com)

 (Financial PR/IR-London)
                                                              Tim Blythe

                                                              Megan Ray

 Stellium Services                                            Tel: +44(0)207 129 1205           Cloudbreak@StelliumServices.com (mailto:Cloudbreak@StelliumServices.com)

 (Investor Relations)
 www.StelliumServices.com (http://www.stelliumservices.com/)  Andrew Wilson
                                                              Claire Bowden

 

About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading natural resources project generator
building value by evaluating and acquiring quality projects with a particular
focus on resources key to the energy transition. Our projects are developed
and managed by an experienced team with a proven track record of delivering on
mineral and energy investments. Cloudbreak's generative model enables a
multi-asset approach to investing and exploration with diversification across
commodities and jurisdictions as the key to withstanding the cycles of natural
resources investing.

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