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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