Issue of Warrants and Options

Cloudbreak Discovery Plc (LSE: CDL), a natural resource project generator, announces the grant of options over 11,250,000 ordinary shares of 0.1 pence each in the Company (the “Options”) to certain of its directors, PDMRs, and other members of staff and the issue of 2,050,000 warrants (the “Warrants”).

The Options have an exercise price of 3 pence per share (being a premium of 29% to the closing price on 23August 2021) and can be exercised at any time until the fourth anniversary of grant.

In addition, the Company has issued the Warrants for services rendered which are exercisable at 3 pence per share at any time until the second anniversary of issue.

Following grant of the Options, the Company has 16,300,000 shares under Option, representing 4.18% of the current issued share capital of the Company. In addition, the Company has 45,665,967 Warrants in issue, representing 11.72% of the current issued share capital of the Company.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 

– Ends –

For additional information please contact:

Cloudbreak Discovery PLC Tel: +1 604 428 9480  
 Kyler Hardy,
 Henrik Mikkelsen, VP Corporate
Novum SecuritiesFinancial Adviser and BrokerTel: +44 7399 9400 
 David Coffman / Lucy Bowden
Colin Rowbury
Blytheweigh(Financial PR/IR-London)Tel: +44 207 138
 Tim Blythe  
 Megan Ray 
Stellium Services(Investor Relations)Tel: +44 7771 763655 /+44 7726
 Andrew Wilson 
 Claire Bowden 

About Cloudbreak

Cloudbreak Discovery PLC is a leading natural resource project generator, working across a wide array of mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak’s generative model enables a multi asset approach to investing. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing. 

1Details of the person discharging managerial responsibilities/person closely associated
a.Name1) Samuel “Kyler” Hardy
2) Andrew Male
3) Kyle Hookey
4) Emma Priestly
5) Rory Kutluoglu
6) David Robinson
7) Henrik Mikkelsen
8) Cam Bartsch
2Reason for notification
a.Position/Status1) Director
2) Director
3) NED
4) NED
b.Initial notification / AmendmentInitial notification
3Details of the issuer, emission allowance   market participant, auction platform, auctioneer or auction monitor
a.NameCloudbreak Discovery Plc
4Details of the transaction(s): section to be  repeated for (i) each type of instrument; (ii) each type of transaction;  (iii) each date; and (iv) each place where transactions have been conducted
a.Description of the financial instrument, type of   instrument

Identification Code
Options over Ordinary Shares of 0.1p each

ISIN Code: GB00B44LQR57
b.Nature of the transactionGrant of Options
c.Price(s)   and volume(s)Price
1) 3.0p
2) 3.0p
3) 3.0p
4) 3.0p
5) 3.0p
6) 3.0p
7) 3.0p
8) 3.0p
d.Aggregated information
– Aggregated Volume
– Price

e.Date of the transaction25-Aug-21
f.Place of the transactionOutside of a trading venue

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Cloudbreak Discovery • LON: CDL

Building a Dynamic Natural Resource Project Generator & Royalty Company