REG-Cloudbreak Discovery Plc: Cloudbreak Completes Convertible Loan Notes

Cloudbreak DiscoveryAnnouncement

11/07/2023 07:15

11 July 2023

 

Cloudbreak Discovery Plc

(`Cloudbreak', or `the Company')

 

Cloudbreak Completes Convertible Loan Notes

 

Cloudbreak Discovery Plc, (LSE: CDL), a natural resource project generator, is
pleased to announce that it has issued a Convertible Loan Note, ("CLN").

 

The terms of the CLN are as follows;

 

 Gross Proceeds: £340,000

 Maturity Date:   31 January 2024

 Interest Rate:   12% per annum

Conversion Terms:  The Lenders may convert at any time following the
publication of an FCA approved Prospectus by the Company at a conversion rate
of the lesser of 5-day VWAP or £0.005

 

Paul Gurney, Non-Executive Director of the Company participated in the CLN.

 

- Ends -

 

For additional information please contact:

 

 Cloudbreak Discovery PLC              Tel: +44 792 6 397675                                             
                                       Andrew Male, Interim CEO                  andrew@westridgemi.com  
                                                                                                         
 Novum Securities (Financial Adviser)  Tel: +44 7399 9400                                                
                                       David Coffman / George Duxberry                                   
 Oberon Capital (Broker)               Tel: +44 20 3179 5355 / +44 20 3179 5315                          
                                       Nick Lovering / Adam Pollock                                      
                                                                                                         
                                                                                                         

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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