INDEPENDENT NEWS

Chatham Rock Phosphate targets AIM listing

Published: Mon 11 Aug 2014 10:09 AM
Chatham Rock Phosphate targets AIM listing after marine consent
11 August 2014
Chatham Rock Phosphate will target an AIM listing on the London alternative stock exchange following receipt of its Marine Consent approval, currently expected at the end of November.
The company has been investigating a capital raising and listing over the past few months.
“The directors have decided it is preferable, in terms of restricting dilution and enhancing shareholder value, to have an Initial Public Offering in London after we receive the marine consent,” managing director Chris Castle said.
“As a result sufficient funds are being raised to meet the company’s needs for the next few months.”
Existing shareholders will have the opportunity to participate at the same price as private placements being made.
ends

Next in Business, Science, and Tech

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media