28 November 2014
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.
Full particulars of the allotments are set out below.