Allotment of Shares and Capital Raising Update

Published: Fri 5 Sep 2014 04:11 PM
Allotment of Shares and Capital Raising Update
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has today raised a further NZD$1.24 million in new capital from qualified investors.
As previously announced to the market CRP is undertaking a rights issue on a 2 for 17 basis; each right granting its holder the right to subscribe for one ordinary share in CRP (and one new option to be granted for each share allotted). Rights trading is due to commence on Monday 8 September, 2014.
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)
NZWENE0003S0 – Shares
Number issued:
10,350,000 ordinary shares
10,350,000 options
Issue price:
NZD0.12 per share for 5,350,000 shares
USD0.10 per share for 5,000,000 shares
All Options have an exercise price of NZD0.688 to receive a share and a nil grant price.
Payment in cash:
Fully paid:
Percentage of class:
Shares 6.07%
Options 76.30%
Purpose of the issue:
For working capital purposes
Authority for the issue:
Board resolutions and NZAX Listing Rule 7.3.5
Date of issue:
5 September 2014
Total number of securities on issue following allotments:
180,896,288 ordinary shares
23,915,429 CRPOB options

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