15 July 2011
Further to the announcement of 8 July, Chatham Rock Phosphate has now completed its underwriting arrangements in respect of the shortfall of the shortfall of CRPOA $0.10 options.
This has resulted in an allotment today of 1,022,508 ordinary shares and results in the entire class of CRPOA options having been exercised, raising approximately $1.6 million in new capital for the Company.
The Company thanks all persons who exercised their options and the underwriters for their support.
On behalf of the Board,
Chris Castle Managing Director
Phone: 021 55 81 85
Class of security: Ordinary Shares ISIN: NZWENE0003S0 Number issued: 1,022,508 Exercise price: $0.10 per share Payment in cash: Yes Fully paid: Yes Percentage of class: 2.06% Reason for the issue: Through underwriting arrangements for shortfall in CRPOA options. 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. Underwriters committed to allocations of the shortfall and paid this exercise price to receive shares. Authority for the issue: NZAX Listing Rule 7.3.11(b)(i) Date of issue: 14 July 2011 Total number of securities on issue following allotments: 50,606,936 ordinary shares