Dear Chatham Rock Phosphate shareholder or stakeholder,
This announcement has just been released by NZX.
Chief Executive Officer
Chatham Rock Phosphate Limited
Cell: +64 21 558 185
5 September 2014
Allotment of Shares and Capital Raising Update
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has today raised a further NZD$1.24 million in new capital from qualified investors.
As previously announced to the market CRP is undertaking a rights issue on a 2 for 17 basis; each right granting its holder the right to subscribe for one ordinary share in CRP (and one new option to be granted for each share allotted). Rights trading is due to commence on Monday 8 September, 2014.
Shares have today been issued at NZD0.12 per share (or the approximate foreign currency equivalent). In addition, for each share issued, one CRPOB $0.688 option has been issued.
Full particulars of today’s allotment are set out below.