Actualización de la empresa
15 November 2023
Cloudbreak descubrimiento plc
('Cloudbreak' o 'la Compañía')
Actualización de la empresa
Cloudbreak Discovery Plc, (LSE: CDL), a natural resources project generator in the mining and energy sectors se complace en proporcionar la siguiente actualización corporativa.
Following the resignation of Kyler Hardy as Chairman and CEO and the appointment of Andrew Male as Interim CEO, the Board has, over the past few months, undertaken an analysis and review of the Company's investments, assets and operations and legacy matters relating to its former management. Upon completion of this review, the Board has agreed to a number of matters with former management and have entered into the agreements described below (collectively, the "Acuerdos de liquidación").
Under the terms of the Settlement Agreements, former management and their related consulting companies Cronin Capital Ltd ("CCL"). and Cronin Services Ltd ("CSL") (juntos "the Cronin Parties"), have agreed to enter into the following agreements with the Company.
1. Purchase and Assignment of Debt Agreement ("Acuerdo de deuda").
The Company has an existing liability in its books of £907,710 ("Cloudbreak Debt") to the Cronin Parties in relation to outstanding management charges incurred over the past [two] years. Under the terms of this Debt Agreement all outstanding amounts owed to the Cronin Parties are being purchased and assigned to investors. The investors have agreed to pay the Cronin Parties £136,156.50 in consideration for the assignment. The investors have also agreed with the Company that they will subsequently convert the Cloudbreak Debt into ordinary shares in the Company following the Annual General Meeting on 24 November 2023.
Two of the investors participating in the Debt Agreement are Andrew Male, interim CEO and Director, and Paul Gurney, Director.
2. Share Purchase Agreement ("SPA").
CCL and CSL own 91,626,928 and 21,090,400 ordinary shares in Cloudbreak, respectively, giving a total of 112,717,328 ordinary shares. Under the terms of the SPA, CCL and CSL will sell 100% of their shares in Cloudbreak, in the second of a two-stage process.
Etapa 1:
The Galleon 2023 Ltd., ("Galeón") a company unconnected to Cloudbreak, has agreed to purchase the following assets from Cloudbreak. The assets (collectively, the "Activos heredados") being acquired include the following:
· 100% of the shares of Kudu Resources Ltd. and all of its holdings;
· The Foggy Mountain Property in the Toodoggone region of British Columbia;
· The Le Blache Royalty Agreement stipulating a 2% Net Smelter Royalty;
· 1,700,000 shares of Buscando Resources Corp.; and
· 950,000 shares of Temas Resources Corp.
The Legacy Assets are being transferred from Cloudbreak to Galleon for an aggregate consideration of £102,000. During the analysis and review of the Cloudbreak assets, the Board agreed that the Legacy Assets were not core to the Company's business strategy and given the Cronin Parties' historic involvement in the Legacy Assets, it was resolved to dispose of the Legacy Assets. Paul Gurney and Emma Priestley, the independent directors of Cloudbreak have also agreed to the transactional value of these Legacy Assets as being fair and reasonable.
Etapa 2:
Galleon has agreed with the Cronin Parties that it will transfer the Legacy Assets to the Cronin Parties plus an additional £207,000 in cash and in turn will receive all 112,717,328 ordinary shares in Cloudbreak owned by CCL and CSL. Cloudbreak currently has 607,678,805 ordinary shares issued and outstanding and this acquisition of Cloudbreak shares will result in Galleon becoming an 18.5% shareholder of Cloudbreak.
Pursuant to a lock-in agreement ("Lock-In Agreement") Galleon has agreed with Cloudbreak that it will not dispose of its shareholding in the Company for a 12-month period following the date of the Lock-in Agreement, unless Galleon and Cloudbreak mutually agree to change the terms of the Lock-In Agreement or to provide consent to any disposal.
It is contemplated that all of the Settlement Agreements will have a Closing Date of 21 November 2023.
Cloudbreak will upon closing provide shareholders with a comprehensive update on all assets, opportunities and capital structure.
Andrew Male, Interim CEO, commented; "We are happy to have agreed to these arrangements and agreements with the Cronin Parties and former management and we look forward to updating our shareholders in the near future. We thank all shareholders for their patience during this time and look forward to re-engaging in the near future."
The participation of Andrew Male and Paul Gurney in the Debt Agreement represents a Material Related Party transaction. Emma Priestley, the sole independent director for the purposes of this transaction, has approved the transaction as being fair and reasonable from the perspective of Cloudbreak and its shareholders.
Este anuncio contiene información privilegiada a los efectos del artículo 7 del Reglamento de abuso de mercado (UE) 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de la Unión Europea (Retirada) de 2018 ("MAR"), y se divulga de acuerdo con las obligaciones de la Compañía bajo el Artículo 17 del MAR.
- Termina -
Para obtener información adicional, por favor póngase en contacto con:
PLC Cloudbreak Discovery | Tel: +44 792 6 397675
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Andrew Male, director ejecutivo interino | ||
Valores Novum (Asesor financiero) | Tel: +86 571 82867702 | |
David Coffman/George Duxberry
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Capital de Oberón (Broker) | Teléfono: +44 20 3179 5355 / +44 20 3179 5315
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Nick amante / Adam Pollock | ||
Acerca de Cloudbreak Discovery PLC
Cloudbreak Discovery PLC es una empresa líder en generación de proyectos de recursos naturales y regalías. rompenubes se enfoca en adquisiciones de regalías de energía con el objetivo de generar flujo de efectivo a corto plazo e impulsar el valor para los accionistas. Su principal jurisdicción operativa es Estados Unidos, pero la Compañía también despliega su modelo de generación de proyectos en el sector energético internacional para adquirir participaciones minoritarias en proyectos de mérito.
A través de su subsidiaria de propiedad total pero operada de forma independiente, Cloudbreak Exploration Inc., la Compañía desarrollar su gama de activos minerales, sin dejar de generar nuevos proyectos con especial atención a las materias primas clave para la transición energética.
El modelo generativo de Cloudbreak en el sector de la energía y los minerales permite un enfoque de activos múltiples para la inversión y la exploración. La diversificación dentro del sector de los recursos naturales y entre las clases de recursos es clave para resistir los ciclos de inversión.
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