Cloudbreak Discovery PLC Prospectus, Fundraise and Issue of Shares (0288T)
19 Julio 2022 - 10:50AM
UK Regulatory
TIDMCDL
RNS Number : 0288T
Cloudbreak Discovery PLC
19 July 2022
19 July 2022
Cloudbreak Discovery Plc
("Cloudbreak" or the "Company")
Publication of Prospectus, Fundraise and Issue of Shares
Cloudbreak Discovery PLC (LSE: CDL), a leading natural resources
project generator with a particular focus on commodities key to the
energy transition, is pleased to announce the publication of a
Prospectus dated 19 July 2022. The Prospectus, which has been
approved by the FCA, has been published on the Company's website at
https://cloudbreakdiscovery.com/investors/ and will also be
available at the FCA's Document Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Pursuant to the Prospectus, the Company has conditionally raised
GBP585,625 by way of a placing of GBP60,000 ("Placing") and a
subscription of GBP525,625 ("Subscription") (together the
"Fundraise") through the issue of 26,027,776 new ordinary shares at
2.25 pence per share (the "Placing Price"). Shard Capital Partners
LLP, acted as the Company's sole broker in connection with the
Placing.
The proceeds of the Fundraise will be used to support the
Company's immediate objective of developing its existing portfolio
of assets and interests and acquiring suitable additions including
lithium assets and bauxite projects globally, as well as cover
operational costs generally.
Application has been made for the new ordinary shares to be
admitted by way of a Standard Listing on the Official List
("Admission"). It is expected that Admission will become effective
on 25 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 526,001,976 ordinary shares. The figure of 526,001,976
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.
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 Tel: +1 604 428 9480
PLC
Kyler Hardy, CEO khardy@cloudbreakdiscovery.com
Novum Securities Limited Tel: +44 7399 9400
(Financial Adviser)
David Coffman / Lucy
Bowden
Shard Capital Partners Tel: +44 207 186 9900
LLP
(Broker) 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(0)207 129 Cloudbreak@StelliumServices.com
(Investor Relations) 1205
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
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July 19, 2022 11:50 ET (15:50 GMT)
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