RNS Number : 4150R

Cloudbreak Discovery PLC

05 July 2022

5 July 2022

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

Drawdown of Equity Facility and Change of Registered Office

Cloudbreak Discovery Plc (LSE: CDL), a leading natural resources project generator with a particular focus on commodities key to the energy transition, announces that it has elected to draw down a further GBP378,000 of the GBP10 million Equity Draw Down Agreement with Crescita Capital LLC ("Crescita") entered into on 16 February 2021. The shares have been issued at 2.25 pence per share resulting in 16,800,000 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.

Application is being made for the new ordinary shares to be admitted to trading which is expected to be on or around 11 July 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 499,974,200 ordinary shares. The figure of 499,974,200 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.

Change of Registered Office

In addition, the Company announces that its registered office has changed with immediate effect to Suite 10011, 15 Ingestre Place, London, W1F 0DU.

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.


For additional information please contact:

 Cloudbreak Discovery        Tel: +1 604 428 9480 
                             Kyler Hardy, CEO        khardy@cloudbreakdiscovery.com 
 Novum Securities            Tel: +44 7399 9400 
  (Financial Adviser) 
                             David Coffman 
                             Lucy Bowden 
 Shard Capital Partners      Tel: +44 207 186 9900 
                              Damon Heath 
                             Isabella Pierre 
 BlytheRay                   Tel: +44 207 138 3204   Cloudbreak@blytheray.com 
  (Financial PR/IR-London) 
                             Tim Blythe 
                              Megan Ray 
 Stellium Services           Tel: +44 207 129 1205   Cloudbreak@StelliumServices.com 
  (Investor Relations) 
 www.StelliumServices.com    Andrew Wilson 
                             Claire Bowden 

About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading natural resources project generator building value by evaluating and acquiring quality projects with a particular focus on resources key to the energy transition. Our projects are developed and managed by an experienced team with a proven track record of delivering on mineral and energy investments. Cloudbreak's generative model enables a multi-asset approach to investing and exploration with diversification across commodities and jurisdictions as the key to withstanding the cycles of natural resources investing.

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(END) Dow Jones Newswires

July 05, 2022 11:26 ET (15:26 GMT)

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