TIDMIMPP
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA,
AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OR REGULATIONS OF SUCH JURISDICTION.
03 June 2021
Imperial X Plc
("Imperial X" or the "Company")
ADMISSION TO TRADING ON THE MAIN MARKET, CLOSING OF THE £2 MILLION FUNDRAISING
& FIRST DAY OF DEALINGS
Imperial X Plc (LSE: CDL), a natural resource project generator, is pleased to
announce that its entire issued ordinary share capital consisting of
389,565,060 ordinary shares of £0.001 will today be admitted to the Official
List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to
trading on the London Stock Exchange's Main Market for listed securities
(together, the "Admission"). Dealing will commence at 8:00 a.m. today, Thursday
3rd June 2021, under the ticker "CDL" (ISIN: GB00B44LQR57). The Company has
filed an application to change its name to Cloudbreak Discoveries Plc, however,
due to Covid-19 related delays, this is not expected to become effective for
approximately two weeks and a further announcement will be made to confirm the
change.
Highlights
* Successful £2 million fundraising at 3p per share which was oversubscribed
* With effect from Admission, Imperial X will hold equity positions and
royalties in a variety of projects in the natural resources sectors across
multiple jurisdictions, primarily in North America and Africa
* Imperial X provides European investors with a business model and range of
assets which to date has been a largely untapped opportunity in Europe
* The Directors believe the model is capable of bringing investors a high
level of scalability and excellent returns while not compromising the level
of risk being undertaken
* Imperial X has the ability to pivot between commodities for the best
prospects and opportunities but has a core focus on bulk, industrial and
base materials and metals with an early focus on critical metals for the
ongoing electrification revolution
* The proceeds of the Fundraising will be used to pursue the Group's
immediate objective of developing its existing portfolio of assets and
interests and acquiring suitable additions and provide working capital to
cover ongoing annual operating costs
* Imperial X's business model is not constrained by geographic location or
commodity, allowing it to diversify its range of assets and partners
Kyler Hardy, CEO of Imperial X Plc, commented, "Listing on the Standard Segment
of the Official List represents a significant milestone for the Company. This
listing offers investors first mover advantage to be a part of a project
generator and royalty business model which is well established in North
American capital markets but remains largely untapped across Europe.
"The Company will deploy our business model to acquire undervalued assets in
the global natural resources sectors and partner them with exceptional
partners. Utilising the Board and management's technical and transactional
experience across deal structures, commodities, and jurisdictions, we have the
flexibility to pivot our investments to the best prospects and opportunities.
Our exposure to a diverse range of commodities, across multiple jurisdictions
significantly de-risks our portfolio and creates true shareholder value.
"As we now join the Main Market, I look forward to scaling up the business
through a pipeline of acquisitions. I am proud of what we have achieved in
getting to this point and am excited about expanding our portfolio and
providing strong returns for new and existing investors."
- Ends -
For additional information please contact:
Imperial X PLC Tel: +1 604 428 9480
Kyler Hardy, CEO khardy@cloudbreakdiscovery.com
Kyle Hookey, Director khookey@cloudbreakdiscovery.com
Novum Securities Tel: +44 7399 9400
Financial Adviser and
Broker
David Coffman / Lucy
Bowden
Colin Rowbury
Blytheweigh Tel: +44 207 138 3204 Cloudbreak@blytheweigh.com
(Financial PR/IR-London)
Tim Blythe
Megan Ray
ABOUT IMPERIAL X PLC
Imperial X Plc is looking to become a leading natural resource prospect
generator, working across a wide array of projects that are being developed and
managed by an experienced team with a proven track record. Value accretion
within the projects being developed by the new Cloudbreak generator model
enables a multi asset approach to investing. Diversification within the mining
sector and amongst resource classes is key to withstanding the cycles of
resource investing.
IMPORTANT INFORMATION
This announcement does not constitute, or form part of, any offer or invitation
to sell, allot or issue, or any solicitation of any offer to purchase or
subscribe for, any securities in the Company in any jurisdiction nor shall it,
or any part of it, or the fact of its distribution, form the basis of, or be
relied on in connection with or act as an inducement to enter into, any
contract or commitment therefor.
No reliance may be placed, for any purpose whatsoever, on the information or
opinions contained in this announcement or on its completeness. To the fullest
extent permitted by applicable law or regulation, no undertaking,
representation or warranty, express or implied, is given by or on behalf of the
Company, Novum Securities Limited ("Novum") or its parent or subsidiary
undertakings or the subsidiary undertakings of any such parent undertakings or
any of their respective directors, officers, partners, employees, agents,
affiliates, representatives or advisers or any other person as to the accuracy,
sufficiency, completeness or fairness of the information, opinions or beliefs
contained in this announcement and, save in the case of fraud, no
responsibility or liability is accepted by any of them for any errors,
omissions or inaccuracies in such information or opinions or for any loss, cost
or damage suffered or incurred, howsoever arising, from any use, as a result of
the reliance on, or otherwise in connection with this announcement.
Novum, which is authorised and regulated by the Financial Conduct Authority,
acted only for the Company in connection with the Fundraising, Acquisitions and
Admission and did not acting for nor advise any other person, or treat any
other person as their respective client, in relation thereto and is not
responsible for providing the regulatory protection afforded to clients of
Novum, or advice to any other person in relation to the matters contained
herein. Such persons should seek their own independent legal, investment and
tax advice as they see fit. This announcement does not constitute any form of
financial opinion or recommendation on the part of Novum or any of its
affiliates and is not intended to be an offer, or the solicitation of any
offer, to buy or sell any securities. Novum is not responsible for the contents
of this announcement. This does not exclude any responsibilities which Novum
may have under the Financial Services and Market Act 2000 or the regulatory
regime established thereafter. Novum has not authorised or approved the
contents of, or any part of, this announcement and no representation or
warranty, express or implied, is made by Novum or their affiliates as to any of
its contents.
This announcement and its contents are for information purposes only and are
directed at and is only being communicated to (a) in the European Economic Area
("EEA"), persons who are "qualified investors" within the meaning of Article 2
(e) of the Prospectus Regulation (EU) 2017/1129 (the "Prospectus Regulation")
or persons to whom it may otherwise lawfully be communicated to ("Qualified
Investors"); (b) in the United Kingdom, persons who are "qualified investors"
within the meaning of Article 2(e) of the Prospectus Regulation as it forms
part of English law by virtue of the European Union (Withdrawal) Act 2018 (as
amended) and regulations made under that Act: (i) who have professional
experience in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,
as amended (the "Order") and Qualified Investors falling within Article 49(2)
(a) to (d) of the Order; and/or (ii) to whom it may otherwise lawfully be
communicated (all such persons together being referred to as "relevant
persons"). This announcement must not be acted on or relied on: (i) in the
United Kingdom, by persons who are not relevant persons; and (ii) in any Member
State of the EEA, by persons who are not Qualified Investors. It is not
intended that this announcement be distributed or passed on, directly or
indirectly, to any other class of person and in any event, and under no
circumstances should persons of any other description rely on or act upon the
contents of this announcement.
Neither this announcement nor any copy of it may be (i) taken or transmitted
into or distributed, directly or indirectly, in the United States (within the
meaning of regulations made under the US Securities Act of 1933, as amended),
(ii) taken or transmitted into, distributed, published, reproduced or otherwise
made available or disclosed in Canada, Australia, New Zealand or the Republic
of South Africa or to any resident thereof, except in compliance with
applicable securities laws, or (iii) taken or transmitted into or distributed
in Japan or to any resident thereof for the purpose of solicitation or
subscription or offer for sale of any securities or in the context where the
distribution thereof may be construed as such a solicitation or offer. Any
failure to comply with these restrictions may constitute a violation of the
securities laws or the laws of any such jurisdiction. The distribution of this
announcement in other jurisdictions may be restricted by law and the persons
into whose possession this announcement comes should inform themselves about,
and observe, any such restrictions.
The Company has not been and will not be registered under the United States
Investment Company Act of 1940, as amended (the "Investment Company Act"), and
as such investors will not be entitled to the benefits of the Investment
Company Act. The Company's ordinary shares have not been and will not be
registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), or with any securities regulatory authority of any state or
other jurisdiction of the United States, and may not be offered, sold, resold,
pledged, transferred or delivered, directly or indirectly, into or within the
United States or to, or for the account or benefit of, any "U.S. persons" as
defined in Regulation S under the Securities Act ("US Persons"), except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any
applicable securities laws of any state or other jurisdiction of the United
States and in a manner which would not require the Company to register under
the Investment Company Act. There will be no public offer of the Shares in the
United States.
Acquiring investments in the Company may expose an investor to a significant
risk of losing all of the amount invested. The value of shares can decrease as
well as increase. This announcement does not constitute a recommendation
concerning investments in the Company. Persons considering an investment in
such investments should consult an authorised person specialising in advising
on such investments.
This announcement contains certain statements that are, or may be, forward
looking statements with respect to the financial condition, results of
operations, business achievements and/or investment strategy of the Company.
Such forward looking statements are based on the Company's board of directors'
(the "Board") expectations of external conditions and events, current business
strategy, plans and the other objectives of management for future operations,
and estimates and projections of the Company's financial performance. Though
the Board believes these expectations to be reasonable at the date of this
document they may prove to be erroneous. Forward looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, achievements or performance of the group, or the industry in
which the group operates, to be materially different from any future results,
achievements or performance expressed or implied by such forward looking
statements.
Certain figures in this announcement, including financial information, have
been subject to rounding adjustments. Accordingly, in certain instances, the
sum or percentage change of the numbers contained in this announcement may not
conform exactly to the total figure given.
END
(END) Dow Jones Newswires
June 03, 2021 02:00 ET (06:00 GMT)
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