Cloudbreak Discovery (LSE:CDL)
Historical Stock Chart

From Apr 2022 to Apr 2024

TIDMCDL

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 GBP176,850 of the GBP10 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        Tel: +1 604 428 
  PLC                         9480 
                             Kyler Hardy, CEO     khardy@cloudbreakdiscovery.com 
 
 Novum Securities            Tel: +44 7399 9400 
  (Financial Adviser) 
                             David Coffman 
 
 Shard Capital Partners      Tel: +44 207 186 
  (Broker)                    9900 
 
                              Damon Heath 
                              Isabella Pierre 
 
 
 BlytheRay                   Tel: +44 207 138     Cloudbreak@blytheray.com 
  (Financial PR/IR-London)    3204 
                             Tim Blythe 
                              Megan Ray 
 
 Stellium Services           Tel: +44(0)207 129   Cloudbreak@StelliumServices.com 
  (Investor Relations)        1205 
 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDZMGZRMNGZZM

(END) Dow Jones Newswires

December 02, 2022 02:00 ET (07:00 GMT)