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 - CRPOBNumber issued:10,216,667 ordinary shares
10,216,667 optionsIssue 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:YesFully paid:YesPercentage of class:Shares 6.37%
Options 305.09%Purpose of the issue:For working capital purposesAuthority for the issue:Board resolutions and NZAX Listing Rule 7.3.5Date of issue:25 August 2014Total number of securities on issue following allotments:170,546,288 ordinary shares
13,565,429 CRPOB options