CDL Cloudbreak Discovery Plc

 
TIDMCDL 
 
11 July 2023 
 
Cloudbreak Discovery Plc 
 
(`Cloudbreak', or `the Company') 
 
Cloudbreak Completes Convertible Loan Notes 
 
Cloudbreak Discovery Plc, (LSE: CDL), a natural resource project generator, is 
pleased to announce that it has issued a Convertible Loan Note, ("CLN"). 
 
The terms of the CLN are as follows; 
 
Gross Proceeds:£340,000 
 
Maturity Date: 31 January 2024 
 
Interest Rate: 12% per annum 
 
Conversion Terms: The Lenders may convert at any time following the publication 
of an FCA approved Prospectus by the Company at a conversion rate of the lesser 
of 5-day VWAP or £0.005 
 
Paul Gurney, Non-Executive Director of the Company participated in the CLN. 
 
- Ends - 
 
For additional information please contact: 
 
Cloudbreak Discovery PLC   Tel: +44 792 6 397675 
                           Andrew Male, Interim CEO      andrew@westridgemi.com 
 
Novum Securities           Tel: +44 7399 9400 
 
(Financial Adviser) 
                           David Coffman / George Duxberry 
Oberon Capital             Tel: +44 20 3179 5355 / 
 
(Broker)                   +44 20 3179 5315 
                           Nick Lovering / Adam Pollock 
 
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 was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

July 11, 2023 02:00 ET (06:00 GMT)

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