REG - Cloudbreak Discovery - Settlement Agreements Completion

Cloudbreak DiscoveryAnnouncement

28/12/2023 07:00

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RNS Number : 9809X  Cloudbreak Discovery PLC  28 December 2023

28 December 2023

 

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Settlement Agreements Completion

Cloudbreak Discovery Plc, (LSE: CDL), a natural resources project generator in
the mining and energy sectors is pleased to confirm that the agreements with
certain former directors and management ("the Settlement Agreements)
previously announced in the Company Update of 15 November 2023 have now
concluded in full.

The Settlement Agreements were implemented following the review of the
Company's investments, assets, operations and legacy matters, carried out by
the current directors.

Cloudbreak will provide a comprehensive update on its current portfolio and
its strategic outlook early in the new year.

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: +44 792 6 397675
                           Andrew Male, Interim CEO         andrew@westridgemi.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 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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