Cloudbreak Discovery PLC Drawdown of Equity Facility (3500I)
02 Diciembre 2022 - 1:00AM
UK Regulatory
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.
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December 02, 2022 02:00 ET (07:00 GMT)
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