REG - Cloudbreak Discovery - Drawdown of Equity Facility

Cloudbreak DiscoveryAnnouncement

02/12/2022 07:00

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RNS Number : 3500I  Cloudbreak Discovery PLC  02 December 2022

2 December 2022

 

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

 

Drawdown of Equity Facility

 

Cloudbreak Discovery Plc (LSE: CDL), a leading London listed royalty company
and natural resources project generator, announces that it has elected to draw
down £176,850 of the £10 million Equity Drawdown Agreement
with Crescita Capital LLC ("Crescita") entered into on 16 February 2021.
The shares have been issued at 1.179 pence per share resulting in 15,000,000
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, and for
general working capital.

Application is being made for the new ordinary shares to be admitted to
trading on the Main Market of the London Stock Exchange which is expected to
be on or around 8 December 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 595,501,976
ordinary shares. The figure of 595,501,976 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

 Novum Securities                                             Tel: +44 7399 9400

 (Financial Adviser)
                                                              David Coffman

 Shard Capital Partners                                       Tel: +44 207 186 9900

 (Broker)

                                                              Damon Heath

                                                              Isabella Pierre

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

 (Financial PR/IR-London)
                                                              Tim Blythe

                                                              Megan Ray

 Stellium Services                                            Tel: +44(0)207 129 1205  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 resource project generator and
royalty business. Cloudbreak is focused on energy royalty acquisitions with
the aim of bringing near-term cashflow and driving shareholder value. Its
primary operating jurisdiction is the United States, but the Company also
deploys its project generation model in the international energy sector to
acquire minority interests in projects of merit.

 

Through its wholly owned but independently operated subsidiary, Cloudbreak
Exploration Inc., the Company will develop its array of mineral assets,
whilst continuing to generate new projects with a particular focus on
commodities key to the energy transition.

 

Cloudbreak's generative model across the energy and mineral sector enables a
multi-asset approach to investing and exploration. Diversification within the
natural resource sector and amongst resource classes is key to withstanding
the cycles of investing.

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