Scoop has an Ethical Paywall
Share Purchase Plan Allotment
Share Purchase Plan Allotment
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that its share purchase plan (SPP) has been oversubscribed.
CRP received applications for $616,137.71 under the SPP (in aggregate) against a total offer of $600,000.
Given the size of the excess and the administrative costs associated with undertaking scaling, CRP has decided to allot shares for the excess as a placement under Rule 7.3.5.
As a result of the above, the offer has no shortfall and the underwriters are released from their underwriting obligations for the SPP.
Placements
In addition, CRP has issued 8,748,333 further shares to qualified investors (New Shares). The New Shares were issued at an issue price of $0.006 per share, being approximately $52,500 in aggregate. This completes all issuances that were permitted to be made under the pre break announcement dated 19 April 2016.
The Board is thrilled with the outcome of CRP’s capital raising efforts and thanks shareholders for their support of the company.
ENDS
Financial Markets Authority: Individual Pleads Guilty To Insider Trading Charges
Great Journeys New Zealand: Travel Down Memory Lane With The Return Of The Southerner
WorkSafe NZ: Overhead Power Lines Spark Safety Call
Transpower: Transpower Seeks Feedback On Electricity Investment Short-list For Upper South Island
Commerce Commission: “Cheating The System” – Sentencing In Country’s First Criminal Cartel Case
Kiwi Economics: The Government’s Books Are Hard To Balance. Lower Productivity, Lower Tax, Higher Spend
