25 October 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 £203,500 of the £10 million Equity Drawdown Agreement with Crescita Capital LLC ("Crescita") entered into on 16 February 2021. The shares have been issued at 1.1 pence per share resulting in 18,500,000 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 on the Main Market of the London Stock Exchange which is expected to be on or around 28 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 580,501,976 ordinary shares. The figure of 580,501,976 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.
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For additional information please contact:
| Cloudbreak Discovery PLC | Tel: +1 604 428 9480
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| | Kyler Hardy, CEO | |
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| Novum Securities (Financial Adviser) | Tel: +44 7399 9400 | |
| | David Coffman | |
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| Shard Capital Partners (Broker) | Tel: +44 207 186 9900
Damon Heath / Isabella Pierre | |
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| BlytheRay (Financial PR/IR-London) | Tel: +44 207 138 3204 | |
| | Tim Blythe Megan Ray | |
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| Stellium Services (Investor Relations) | Tel: +44(0)207 129 1205 | |
| 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.
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