Cloudbreak Discovery Plc - Cloudbreak Completes Convertible Loan Notes
11 Julio 2023 - 1:00AM
PR Newswire (US)
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
(Financial
Adviser)
|
Tel: +44
7399 9400
|
|
|
David
Coffman / George Duxberry
|
Oberon
Capital
(Broker)
|
Tel: +44
20 3179 5355 /
+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.
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