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Allotment of Shares and Capital Raising Update
25 August 2014
Allotment of Shares and Capital Raising Update
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has today raised NZD$1.22 million in new capital from qualified investors.
CRP also anticipates that it will complete further placements shortly for approximately NZD$1 million in further new capital. As previously announced to the market it is then intended to make an offer to all existing shareholders to give them access to the investment terms currently being offered by CRP.
Shares have today been issued at NZD0.12 per share (or the approximate foreign currency equivalent). In addition, for each share issued, one CRPOB $0.688 option has been issued.
Full particulars of today’s allotment are set out below.
| Class of security: | Ordinary shares (CRP) Options (CRPOB) |
| ISIN: | NZWENE0003S0
– Shares NZCRPE0001S3 - CRPOB |
| Number issued: | 10,216,667 ordinary
shares 10,216,667 options |
| Issue price: | NZD0.12 per share for 5,916,667
shares USD0.10 per share for 1,300,000 shares GBP0.06 per share for 3,000,000 shares All Options have an exercise price of NZD0.688 to receive a share and a nil grant price. |
| Payment in cash: | Yes |
| Fully paid: | Yes |
| Percentage of class: | Shares 6.37% Options 305.09% |
| Purpose of the issue: | For working capital purposes |
| Authority for the issue: | Board resolutions and NZAX Listing Rule 7.3.5 |
| Date of issue: | 25 August 2014 |
| Total number of securities on issue following allotments: | 170,546,288
ordinary shares 13,565,429 CRPOB options |
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