Cloudbreak Regulatory News (CDL)

2 December 2022

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

Drawdown of Equity Facility

Cloudbreak Discovery Plc (LSE: CDL), a leading London listed royalty company and natural resources project generator, announces that it has elected to draw down £176,850 of the £10 million Equity Drawdown Agreement with Crescita Capital LLC ("Crescita") entered into on 16 February 2021. The shares have been issued at 1.179 pence per share resulting in 15,000,000 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, and for general working capital.

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 8 December 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 595,501,976 ordinary shares. The figure of 595,501,976 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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 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.