TIDMCDL

RNS Number : 0281O

Cloudbreak Discovery PLC

27 January 2023

27 January 2023

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 GBP46,870 of the GBP10 million Equity Drawdown Agreement with Crescita Capital LLC ("Crescita") entered into on 16 February 2021. The shares have been issued at 1.09 pence per share resulting in 4,300,000 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 1 February 2023. 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 599,801,976 ordinary shares. The figure of 599,801,976 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 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.

- 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 
                              George Duxberry 
 
 Oberon Capital              Tel: +44 20 3179 
  (Broker)                    5300 
 
                              Adam Pollock 
                              Nick Lovering 
 
 
 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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January 27, 2023 02:00 ET (07:00 GMT)

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