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Chatham Rock Phosphate: Funding Round Successfully Completed
Funding Round Successfully Completed
Chatham Rock Phosphate is pleased to advise that it has raised approximately $820,000 in new capital. The allotment consists of new ordinary shares at $0.12 per share with one new listed CRPOB option allotted with each new share.
This completes the company’s funding round at $0.12 per share and funds the company through the decision point for its Marine Consent application. It is therefore not intended to seek any additional capital until a decision on the application has been made. As previously indicated to the market the company remains optimistic that a decision on the application will be released in the next few weeks.
The Board thanks
shareholders for their strong belief in and support of the
project.
| Class of security: | Ordinary shares Options (CRPOB) |
| ISIN: | NZWENE0003S0 –
Shares NZCRPE0001S3 – Options |
| Total number issued: | 6,785,994 Shares 6,785,994 Options |
| Issue price: | $0.12 per
Share Options have an exercise price of $0.688 to receive a Share |
| Payment in cash: | Yes |
| Fully paid: | Yes |
| Percentage of class: | Shares 3.33% Options 14.69% |
| Purpose of the issue: | For working capital purposes |
| Authority for the issue: | Board resolutions |
| Date of issue: | 28 November 2014 |
| Total number of securities on issue following allotments: | 210,347,901
Shares 52,972,305 Options |
ENDS
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