Allotment of Shares
/7th January 2013
Allotment of Shares
Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today issued 350,455 ordinary shares at an issue price $0.33 per share to qualified investors. This has resulted in CRP raising approximately $115,000 in new capital.
In addition two contractors of the Company (Widespread Portfolios Ltd and Robin Falconer Associates Ltd) have received 94,538 shares, in aggregate, under their respective Contracts for Service at NZD$0.357 per share. These shares represent partial payment for services during the October to December quarter. Pursuant to those contracts for service the issue price of NZ$0.357 per share reflects the 20 day volume weighted average price of a share on the NZAX market to 1 January 2013.
Chris Castle
Managing Director
Class of security: Ordinary shares
ISIN: NZWENE0003S0
Number issued: 444,993 ordinary shares
Issue price: $0.33 per ordinary share for 350,455 shares
$0.357 per ordinary share for 94,538 shares
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 0.344%
Purpose of the issue: For working capital purposes and for payment of fees
Authority for the issue: Board resolutions
Date of issue: 7 January 2013
Total number of securities 129,960,095 ordinary shares
on issue following allotments: