Chatham Rock Phosphate: Funding Round Successfully Completed

Press Release – Chatham Rock Phosphate

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.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.

Class of security: Ordinary shares
Options (CRPOB)
ISIN: NZWENE0003S0 – Shares
NZCRPE0001S3 – Options
Total number issued: 6,785,994 Shares
6,785,994 Options
Issue price: $0.12 per Share
Options have an exercise price of $0.688 to receive a Share
Payment in cash: Yes
Fully paid: Yes
Percentage of class: Shares 3.33%
Options 14.69%
Purpose of the issue: For working capital purposes
Authority for the issue: Board resolutions
Date of issue: 28 November 2014
Total number of securities on issue following allotments: 210,347,901 Shares
52,972,305 Options

ENDS

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