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9 September 2013
Allotment of Shares and Options
Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today undertaken placements at $0.30 per share and issued further CRPOB options.
CRP is presently undertaking a private capital raising offer to qualified investors which has the following key features:
· CRP agrees an amount of
shares to be subscribed for by an investor in
aggregate.
· Half of the shares are
subscribed for at an issue price of $0.30 per share
(Tranche One).
· The
investor commits to subscribing for the balance of the
shares at $0.35 per share within 2 weeks of the Company
being granted a mining licence in respect of its Chatham
Rise phosphorites project (Tranche Two).
· For every two shares subscribed for
under Tranche One and Tranche Two, one option (CRPOB) is
also allotted to the investor.
CRP is pleased to advise that it has entered investment agreements with qualified investors whereby a total of approximately $900,000 in new capital has been committed under this offering structure. As a result CRP is today allotting the Tranche One component of this amount representing approximately $400,000 in new capital.
Class of
security: Ordinary shares
Options (CRPOB)ISIN:
NZWENE0003S0
NZCRPE0001S3Number
issued: 1,364,008 ordinary
shares
682,004
optionsIssue price: $0.30 per
ordinary share Payment in cash:
Yes Fully paid: Yes
Percentage of class: 0.97% of
shares
45.44% of
optionsPurpose of the issue: For
working capital purposes towards permitting of the Chatham
Rise phosphorites project Authority for the
issue: Board resolutions Date of
issue: 9 September 2013 Total
number of securities on issue following allotments:
141,633,184 ordinary
shares
2,182,938 options
ENDS
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