Cloudbreak Discovery PLC Drawdown of Equity Facility (0281O)
27 Enero 2023 - 01:00AM
UK Regulatory
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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END
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January 27, 2023 02:00 ET (07:00 GMT)
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