Drawdown of Equity Facility

RNS Number : 2541B
Cloudbreak Discovery PLC
30 September 2022
 

30 September 2022

 

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

 

Drawdown of Equity Facility

 

Cloudbreak Discovery Plc (LSE: CDL),  a leading natural resources project generator with a particular focus on commodities key to the energy transition, announces that it has elected to draw down 180,180 of the 10 million Equity Drawdown Agreement with Crescita Capital LLC ("Crescita") entered into on 16 February 2021. The shares have been issued at 1.3 pence per share resulting in 14 million new ordinary shares being issued.

The capital drawn down will be used to advance the Company's acquisitions of energy royalties, lithium assets and bauxite projects globally.

Application is being made for the new ordinary shares to be admitted to trading which is expected to be on or around 5 October 2022. 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 562,001,976 ordinary shares. The figure of 562,001,976 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. 

- Ends -

 

For additional information please contact:

 

Cloudbreak Discovery PLC 

Tel: +1 604 428 9480

 



Kyler Hardy, CEO

khardy@cloudbreakdiscovery.com




Novum Securities

(Financial Adviser)

Tel: +44 7399 9400



David Coffman / Lucy Bowden





Shard Capital Partners

(Broker)

Tel: +44 207 186 9900

 

Damon Heath / Isabella Pierre








BlytheRay

(Financial PR/IR-London)

Tel: +44 207 138 3204

Cloudbreak@blytheray.com


Tim Blythe

Megan Ray





Stellium Services

(Investor Relations)

Tel: +44(0)207 129 1205

Cloudbreak@StelliumServices.com

www.StelliumServices.com

Andrew Wilson



Claire Bowden


 

About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading natural resources project generator building value by evaluating and acquiring quality projects with a particular focus on resources key to the energy transition. Our projects are developed and managed by an experienced team with a proven track record of delivering on mineral and energy investments. Cloudbreak's generative model enables a multi-asset approach to investing and exploration with diversification across commodities and jurisdictions as the key to withstanding the cycles of natural resources 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
 
 
MSCMZGZLLLMGZZM
UK 100

Latest directors dealings