REG - Cloudbreak Discovery - Publication of Prospectus and Issue of Shares

Cloudbreak DiscoveryAnnouncement

25/07/2024 12:30

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RNS Number : 8765X  Cloudbreak Discovery PLC  25 July 2024

25 July 2024

 

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Publication of Prospectus and Issue of Shares

Cloudbreak Discovery Plc, (LSE: CDL), the natural resource project generator,
is pleased to announce that, it has today published a Prospectus. The
Prospectus, which has been approved by the Financial Conduct Authority
("FCA"), has been published on the Company's website at
https://www.cloudbreakdiscovery.com/investors/ and will also be available at
the FCA's Document Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Prospectus has been published to enable the issue and admission to the
Official List and to trading on the Main Market of the London Stock Exchange
("Admission") of 403,864,936 new ordinary shares of £0.001 each ("Shares").
These Shares have been issued conditional on Admission as follows:

·      16,652,055 Shares issued at a price of £0.004 per Share, to
correct the position created by the conversion of convertible loan notes on 22
May 2024, where too few ordinary shares were issued as a result of the
miscalculation of the conversion price;

·      305,832,210 Shares issued at a price of £0.002968 per Share,
pursuant to the conversion of an outstanding debt owed by the Company to the
value of £907,710; and

·      81,380,671 Shares issued at a price of £0.002968 per Share to
certain creditors of the Company to capitalise amounts owed to them for the
provision of their services to the Company ("Creditor Share Issue").

Application will be made for Admission of 403,864,936 Shares. It is expected
that Admission will become effective on or around 31 July 2024. The Shares
will rank pari passu with the existing ordinary shares of the Company.

On Admission, the Company's issued ordinary share capital shall consist of
1,133,075,632 ordinary shares with each ordinary share carrying the right to
one vote. Accordingly, the figure of 1,133,075,632 represents the total voting
rights in the Company and should be the figure 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 FCA's Disclosure Guidance & Transparency Rules.

Director Dealings

Andrew Male, Emma Priestley and Paul Gurney have participated in the Creditor
Share Issue and have subscribed for the following Shares at a price of
£0.002968 per Share:

·      91,854,451 Shares to Andrew Male;

·      19,878,706 Shares to Emma Priestley; and

·      53,060,587 Shares to Paul Gurney.

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

- Ends -

 

For additional information please contact:

 

 Cloudbreak Discovery PLC  Tel: +44 792 6 397675
                           Andrew Male, Interim CEO         am@cloudbreakdiscovery.com

 Novum Securities          Tel: +44 7399 9400
 (Financial Adviser)       David Coffman / George Duxberry

 Oberon Capital            Tel: +44 20 3179 5355 /

                           +44 20 3179 5315
 (Broker)                  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 plan to 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.

 

 1.                Details of the person discharging managerial responsibilities / person closely
                   associated
 a)                Name                                                         1)    Andrew Male

                                                                                2)    Emma Priestley

                                                                                3)    Paul Gurney
 2.                Reason for the notification
 a)                Position/status                                              1)    Director

                                                                                2)    Director

                                                                                3)    Director
 b)                Initial notification / Amendment                             Initial Notification
 3.                Details of the issuer, emission allowance market participant, auction
                   platform, auctioneer or auction monitor
 a)                Name                                                         Cloudbreak Discovery PLC
 b)                LEI                                                          213800ZLZVEPOS7YID88
 4.                Details of the transaction(s): section to be repeated for (i) each type of
                   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                   place where transactions have been conducted
 a)                Description of the financial instrument, type of instrument  Ordinary shares of £0.001
                   Identification code                                          GB00B44LQR57
 b)                Nature of the transaction                                    Conversion of debt
 c)                Price(s) and volume(s)                                       Price             Volume
                                                                                1)    0.2968p     91,854,451
                                                                                2)    0.2968p     19,878,706
                                                                                3)    0.2968p     53,060,587
 d)                Aggregate information
                   - Aggregate volume                                           164,793,744
                   - Total Price                                                £489,108
 e)                Date of the transaction                                      25 July 2024
 f)                Place of the transaction                                     London Stock Exchange
 g)                Additional information                                       N/A

d)

Aggregate information

- Aggregate volume

164,793,744

- Total Price

£489,108

e)

Date of the transaction

25 July 2024

f)

Place of the transaction

London Stock Exchange

g)

Additional information

N/A

 

 

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