Last checked at 20 Mar 2024 08:38
20 March 2024
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Cloudbreak Board Members Join G2 Energy
Cloudbreak Discovery Plc, (LSE: CDL), the natural resource project generator, is pleased to announce that Andrew Male and Paul Gurney have joined the Board of G2 Energy Ltd. ("G2").
Cloudbreak and G2 announced an Amending Agreement on the 4 March 2024 in which Cloudbreak would appoint two members to the board of G2. Andrew Male will also be taking on the role of CFO for G2.
Andrew Male, Director, Interim CEO, states: "Paul and I look forward to working with G2 and their team in order to develop and enhance the production assets that G2 hold. Our primary focus will be to assist G2 in generating more revenue and looking at additional acquisitions that are accretive to the Cloudbreak investment and G2's underlying business operations."
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For additional information please contact:
Cloudbreak Discovery PLC | Tel: +44 792 6 397675 | |
Andrew Male, Interim CEO | am@cloudbreakdiscovery.com | |
Novum Securities | Tel: +44 7399 9400 | |
(Financial Adviser) | David Coffman / George Duxberry | |
Oberon Capital | Tel: +44 20 3179 5355 / +44 20 3179 5315 | |
(Broker) | 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.