CDL Cloudbreak Discovery Plc

TIDMCDL

RNS Number : 4979W

Cloudbreak Discovery PLC

18 April 2023

18 April 2023

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

Issue of Equity

Cloudbreak Discovery Plc (LSE: CDL), a leading London listed royalty company and natural resources project generator, announces that it has issued 7,876,829 ordinary shares at a price of 1.64p per share to Crescita Capital LLC ("Crescita"). The shares have been issued in accordance with the terms of the variation to the Equity Drawdown Facility with Crescita which was entered into on 30 March 2022.

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 21 April 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 607,678,805 ordinary shares. The figure of 607,678,805 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 
 
 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEBRGDSBBBDGXR

(END) Dow Jones Newswires

April 18, 2023 02:00 ET (06:00 GMT)

Cloudbreak Discovery (LSE:CDL)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Cloudbreak Discovery (LSE:CDL)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024