Chatham Rock Phosphate concludes private placement fundraising programme

New Capital Allotted

Chatham Rock Phosphate Limited (NZX: CRP) has issued a further 9,215,386 ordinary shares in CRP (Shares) to qualified investors at an issue price of $0.006 per share, raising $55,292.32 (in aggregate) in new capital. 

The issue of the Shares is authorised under the pre break announcement dated 19 April 2016.  CRP has now issued $1,177,497.75 of new shares under the pre break announcement, which authorised the issue of up to $1,250,000 of new shares in CRP at $0.006 per share. 

This concludes CRP’s capital raising by private placement.  As previously advised to the market, CRP will now proceed to offer a share purchase plan to shareholders at $0.006 per share.  The record date for the share purchase plan will be 5pm this Friday. 

Full particulars of the share issues are set out below. 

For and on behalf of the Board,

Chris Castle

Managing Director