3 May 2011
Chatham Rock Phosphate has approximately 14.75 million $0.10 options on issue which expire on 30 June 2011 and are quoted on the NZAX market under the code CRPOA.
As previously advised to the market, Chatham Rock Phosphate is encouraging the early exercise of these options to enable it to continue the work programme on Mineral Prospecting License 50270 prior to undertaking a proposed initial public offering in Canada.
Exercise forms have been received for a further 595,000 options for which ordinary shares have today been allotted. Full details are set out below.
This has taken the number of options exercised since 1 April to 1,929,000, raising $192,900 in aggregate.
On behalf of the Board,
Phone: 021 55 81 85
Class of security:
$0.10 per share
Payment in cash:
Percentage of class:
Reason for the issue:
Under the terms of issue of the options they may be exercised to
receive ordinary shares on a 1:1 basis at any time prior to 30 June 2011
through the return of a completed exercise form and payment of the
$0.10 exercise price.
Authority for the issue:
NZAX Listing Rule 7.3.11(b)(i)
Date of issue:
3 May 2011
Total number of securities on issue following allotments:
35,455,660 ordinary shares
14,151,276 listed options