Business
Cloudbreak Completes Convertible Loan Notes
Cloudbreak Completes Convertible Loan Notes.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n11 July 2023\n \nCloudbreak Discovery Plc\n(`Cloudbreak', or `the Company')\n \nCloudbreak Completes Convertible Loan Notes\n \nCloudbreak Discovery Plc, (LSE: CDL), a natural resource project generator, is pleased to announce that it has issued a Convertible Loan Note, (\"CLN\").\n \nThe terms of the CLN are as follows; \n \n Gross Proceeds: £340,000\n Maturity Date: 31 January 2024\n Interest Rate: 12% per annum\nConversion Terms: The Lenders may convert at any time following the publication of an FCA approved Prospectus by the Company at a conversion rate of the lesser of 5-day VWAP or £0.005\n \nPaul Gurney, Non-Executive Director of the Company participated in the CLN. \n \n- Ends -\n \nFor additional information please contact: \n \n\n\n\n\n\n\n\n\n\nCloudbreak Discovery PLC \n\n\n\n\n\n\n\n\n\n\nTel: +44 792 6 397675\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nAndrew Male, Interim CEO\n\n\n\n\n\n\n\n\n\n\[email protected] \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNovum Securities\n\n\n\n(Financial Adviser)\n\n\n\n\n\n\n\n\n\n\nTel: +44 7399 9400\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nDavid Coffman / George Duxberry\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOberon Capital\n\n\n\n(Broker)\n\n\n\n\n\n\n\n\n\n\nTel: +44 20 3179 5355 / \n\n\n\n+44 20 3179 5315\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nNick Lovering / Adam Pollock\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAbout Cloudbreak Discovery PLC\nCloudbreak 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 acqui...