TIDMCDL
RNS Number : 4287V
Cloudbreak Discovery PLC
09 August 2022
9 August 2022
Cloudbreak Discovery Plc
("Cloudbreak" or the "Company")
Amendment to the Stateline Option Agreement
Grant of Options and Warrants
Drawdown of Equity Line
Cloudbreak Discovery Plc (LSE: CDL), a leading natural resources
project generator with a focus on commodities required for the
energy transition, announces that the Company and Alianza Minerals
Ltd (TSX-v: ANZ) have agreed to amend the terms of the Stateline
option agreement with Allied Copper Corp (TSX-v:CPR) ("Allied")
entered into on 9 February 2022.
Under the terms of the modified option agreement Allied will be
able to delay the issuance of shares ("Allied Shares") and warrants
("Allied Warrants") whilst keeping the agreement in good standing
should the issuance of the Allied Shares or Allied Warrants make
Cloudbreak or Alianza an insider of Allied as defined by the TSX
Venture Exchange. Additionally, the outstanding Allied Shares will
become payable to Alianza and Cloudbreak should either party reduce
its equity holding through sale or other type of divestiture, or if
additional shares are issued in Allied which would dilute either
party's holdings.
Grant of Options and Warrants
The Company has granted 7,250,000 options ("Options") and
2,950,000 warrants ("Warrants") over ordinary shares of 0.1 pence
each in the Company to certain of its directors, PDMRs, and other
members of staff and consultants. The Options and Warrants have an
exercise price of 2.25 pence per share (being a premium of 26.8% to
the closing price on 8 August 2022). The Options can be exercised
at any time until the third anniversary of grant while the Warrants
can be exercised until the first anniversary of grant.
Following the grant of the Options and Warrants, the Company has
21,900,000 shares under option, and 26,171,692 warrants in issue,
representing 4.09% and 4.88% of the current issued share capital
respectively.
Drawdown of Equity Line
Additionally, the Company has elected to draw down GBP0.179
million of the GBP10 million Equity Line with Crescita Capital LLC
("Crescita") entered into on 16 February 2021. The shares have been
issued at 1.79 pence per share resulting in 10,000,000 million new
ordinary shares being issued. The remaining capital available to
Cloudbreak through the Equity Line is GBP8.7 million.
The capital drawn down will be used to advance the Company's
acquisitions of energy royalties, lithium assets and bauxite
projects globally.
The new ordinary shares will rank pari passu with the existing
ordinary shares of the Company. In accordance with the FCA's
Disclosure Guidance and Transparency Rules, the Company's issued
share capital consists of 536,001,976 Ordinary Shares of 0.1p, each
with one voting right. The Company does not hold any Ordinary
Shares in treasury. Therefore, the total number of voting rights in
the Company is 536,001,976.
The above figure of 536,001,976 should be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
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.
-S-
For additional information please contact:
Cloudbreak Discovery Tel: +1 604 428 9480
PLC
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
(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
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.
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name 1) Samuel "Kyler" Hardy
2) Andrew Male
3) Paul Gurney
4) Emma Priestly
5) Rory Kutluoglu
6) David Robinson
7) Cam Bartsch
----------- -------------------------------------
2 Reason for notification
----------- -------------------------------------
a. Position/Status 1) Director
2) Director
3) NED
4) NED
5) PDMR
6) PDMR
7) PDMR
---------------------------------- ----------- -------------------------------------
b. Initial notification/ Initial notification
Amendment
---------------------------------- ----------- -------------------------------------
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 Options over Ordinary
Shares of 0.1p each
Identification Code ISIN Code: GB00B44LQR57
---------------------------------- ----------- -------------------------------------
b. Nature of the transaction Grant of Options
---------------------------------- ----------- -------------------------------------
c. Price(s) and volume(s) Price Volume
1) 1,250,000
----------
2) 750,000
----------
3) 750,000
----------
4) 750,000
----------
5) 1,250,000
----------
6) 1,250,000
----------
7) 1,250,000
----------
---------------------------------- ----------- -------------------------------------
d. Aggregated information
- Aggregated Volume N/A
- Price
---------------------------------- ----------- -------------------------------------
e. Date of the transaction
8 August 2022
---------------------------------- ----------- -------------------------------------
f. Place of the transaction Outside of a trading
venue
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END
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(END) Dow Jones Newswires
August 09, 2022 07:00 ET (11:00 GMT)
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