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Imperial X Plc - Admission to Main Market and Fundraise

·10-min read

THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

03 June 2021

Imperial X Plc

(“Imperial X” or the “Company”)

ADMISSION TO TRADING ON THE MAIN MARKET, CLOSING OF THE £2 MILLION FUNDRAISING & FIRST DAY OF DEALINGS

Imperial X Plc (LSE: CDL), a natural resource project generator, is pleased to announce that its entire issued ordinary share capital consisting of 389,565,060 ordinary shares of £0.001 will today be admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. today, Thursday 3rd June 2021, under the ticker “CDL” (ISIN: GB00B44LQR57). The Company has filed an application to change its name to Cloudbreak Discoveries Plc, however, due to Covid-19 related delays, this is not expected to become effective for approximately two weeks and a further announcement will be made to confirm the change.

Highlights

  • Successful £2 million fundraising at 3p per share which was oversubscribed

  • With effect from Admission, Imperial X will hold equity positions and royalties in a variety of projects in the natural resources sectors across multiple jurisdictions, primarily in North America and Africa

  • Imperial X provides European investors with a business model and range of assets which to date has been a largely untapped opportunity in Europe

  • The Directors believe the model is capable of bringing investors a high level of scalability and excellent returns while not compromising the level of risk being undertaken

  • Imperial X has the ability to pivot between commodities for the best prospects and opportunities but has a core focus on bulk, industrial and base materials and metals with an early focus on critical metals for the ongoing electrification revolution

  • The proceeds of the Fundraising will be used to pursue the Group’s immediate objective of developing its existing portfolio of assets and interests and acquiring suitable additions and provide working capital to cover ongoing annual operating costs

  • Imperial X’s business model is not constrained by geographic location or commodity, allowing it to diversify its range of assets and partners

Kyler Hardy, CEO of Imperial X Plc, commented, “Listing on the Standard Segment of the Official List represents a significant milestone for the Company. This listing offers investors first mover advantage to be a part of a project generator and royalty business model which is well established in North American capital markets but remains largely untapped across Europe.

“The Company will deploy our business model to acquire undervalued assets in the global natural resources sectors and partner them with exceptional partners. Utilising the Board and management’s technical and transactional experience across deal structures, commodities, and jurisdictions, we have the flexibility to pivot our investments to the best prospects and opportunities. Our exposure to a diverse range of commodities, across multiple jurisdictions significantly de-risks our portfolio and creates true shareholder value.

“As we now join the Main Market, I look forward to scaling up the business through a pipeline of acquisitions. I am proud of what we have achieved in getting to this point and am excited about expanding our portfolio and providing strong returns for new and existing investors.”

- Ends -

For additional information please contact:

Imperial X PLC

Tel: +1 604 428 9480

Kyler Hardy, CEO

khardy@cloudbreakdiscovery.com

Kyle Hookey, Director

khookey@cloudbreakdiscovery.com

Novum Securities
Financial Adviser and Broker

Tel: +44 7399 9400

David Coffman / Lucy Bowden
Colin Rowbury

Blytheweigh
(Financial PR/IR-London)

Tel: +44 207 138 3204

Cloudbreak@blytheweigh.com

Tim Blythe

Megan Ray

ABOUT IMPERIAL X PLC

Imperial X Plc is looking to become a leading natural resource prospect generator, working across a wide array of projects that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by the new Cloudbreak generator model enables a multi asset approach to investing. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of resource investing.

IMPORTANT INFORMATION

This announcement does not constitute, or form part of, any offer or invitation to sell, allot or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as an inducement to enter into, any contract or commitment therefor.

No reliance may be placed, for any purpose whatsoever, on the information or opinions contained in this announcement or on its completeness. To the fullest extent permitted by applicable law or regulation, no undertaking, representation or warranty, express or implied, is given by or on behalf of the Company, Novum Securities Limited (“Novum”) or its parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings or any of their respective directors, officers, partners, employees, agents, affiliates, representatives or advisers or any other person as to the accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this announcement and, save in the case of fraud, no responsibility or liability is accepted by any of them for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, howsoever arising, from any use, as a result of the reliance on, or otherwise in connection with this announcement.

Novum, which is authorised and regulated by the Financial Conduct Authority, acted only for the Company in connection with the Fundraising, Acquisitions and Admission and did not acting for nor advise any other person, or treat any other person as their respective client, in relation thereto and is not responsible for providing the regulatory protection afforded to clients of Novum, or advice to any other person in relation to the matters contained herein. Such persons should seek their own independent legal, investment and tax advice as they see fit. This announcement does not constitute any form of financial opinion or recommendation on the part of Novum or any of its affiliates and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities. Novum is not responsible for the contents of this announcement. This does not exclude any responsibilities which Novum may have under the Financial Services and Market Act 2000 or the regulatory regime established thereafter. Novum has not authorised or approved the contents of, or any part of, this announcement and no representation or warranty, express or implied, is made by Novum or their affiliates as to any of its contents.

This announcement and its contents are for information purposes only and are directed at and is only being communicated to (a) in the European Economic Area ("EEA"), persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (EU) 2017/1129 (the “Prospectus Regulation”) or persons to whom it may otherwise lawfully be communicated to (“Qualified Investors”); (b) in the United Kingdom, persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018 (as amended) and regulations made under that Act: (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) and Qualified Investors falling within Article 49(2)(a) to (d) of the Order; and/or (ii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). This announcement must not be acted on or relied on: (i) in the United Kingdom, by persons who are not relevant persons; and (ii) in any Member State of the EEA, by persons who are not Qualified Investors. It is not intended that this announcement be distributed or passed on, directly or indirectly, to any other class of person and in any event, and under no circumstances should persons of any other description rely on or act upon the contents of this announcement.

Neither this announcement nor any copy of it may be (i) taken or transmitted into or distributed, directly or indirectly, in the United States (within the meaning of regulations made under the US Securities Act of 1933, as amended), (ii) taken or transmitted into, distributed, published, reproduced or otherwise made available or disclosed in Canada, Australia, New Zealand or the Republic of South Africa or to any resident thereof, except in compliance with applicable securities laws, or (iii) taken or transmitted into or distributed in Japan or to any resident thereof for the purpose of solicitation or subscription or offer for sale of any securities or in the context where the distribution thereof may be construed as such a solicitation or offer. Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of any such jurisdiction. The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

The Company has not been and will not be registered under the United States Investment Company Act of 1940, as amended (the "Investment Company Act"), and as such investors will not be entitled to the benefits of the Investment Company Act. The Company’s ordinary shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, into or within the United States or to, or for the account or benefit of, any "U.S. persons" as defined in Regulation S under the Securities Act ("US Persons"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require the Company to register under the Investment Company Act. There will be no public offer of the Shares in the United States.

Acquiring investments in the Company may expose an investor to a significant risk of losing all of the amount invested. The value of shares can decrease as well as increase. This announcement does not constitute a recommendation concerning investments in the Company. Persons considering an investment in such investments should consult an authorised person specialising in advising on such investments.

This announcement contains certain statements that are, or may be, forward looking statements with respect to the financial condition, results of operations, business achievements and/or investment strategy of the Company. Such forward looking statements are based on the Company’s board of directors' (the “Board”) expectations of external conditions and events, current business strategy, plans and the other objectives of management for future operations, and estimates and projections of the Company's financial performance. Though the Board believes these expectations to be reasonable at the date of this document they may prove to be erroneous. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, achievements or performance of the group, or the industry in which the group operates, to be materially different from any future results, achievements or performance expressed or implied by such forward looking statements.

Certain figures in this announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly to the total figure given.

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