REG - Cloudbreak Discovery - Drawdown of Equity Facility

Cloudbreak DiscoveryAnnouncement

27/01/2023 07:00

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RNS Number : 0281O  Cloudbreak Discovery PLC  27 January 2023

27 January 2023

 

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 £46,870 of the £10 million Equity Drawdown Agreement with Crescita
Capital LLC ("Crescita") entered into on 16 February 2021. The shares have
been issued at 1.09 pence per share resulting in 4,300,000 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 1 February 2023. 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 599,801,976
ordinary shares. The figure of 599,801,976 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.

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 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

                                                              George Duxberry

 Oberon Capital                                               Tel: +44 20 3179 5300

 (Broker)

                                                              Adam Pollock

                                                              Nick Lovering

 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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