Chatham Appoints Mackie Research as Market Maker
WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") wishes to advise
shareholders that, subject to regulatory approval, it has retained Mackie Research Capital Corporation to initiate its
market making service to provide market making services to the Company in compliance with the policies and guidelines of
the TSX Venture Exchange and other applicable legislation.
Mackie will trade Chatham shares on the TSXV for the purposes of maintaining a reasonable market and improving the
liquidity of Chatham’s common shares. The agreement between Mackie and the Company is on a month by month basis Company
has agreed to pay Mackie $3,500 per month, payable in advance. The engagement may be terminated by either party with
written notice of 60 days. The Company and Mackie act at arm's length, but Mackie may provide investment banking
services to Chatham and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of
Chatham. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's
common shares and is not a formal market making agreement. There are no performance factors contained in the agreement
between Mackie and the Company and Mackie will not receive any shares or options from the Company as compensation for
services it will render.
About Mackie Research Capital Corporation
Mackie is one of Canada's largest independent full service investment firms, and proudly traces its roots back to 1921.
Mackie is privately owned by many of its 300 employees. As a fully integrated national investment dealer, Mackie offers
a full complement of capital markets and wealth management services to private clients, institutions and growth
companies.
About Chatham Rock Phosphate
Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultra-low cadmium, environmentally
friendly pastoral phosphate fertiliser. Our key role is connecting the resource with those who need it.
Using this phosphate will support sustainable farming practices, including healthier soil profiles and reduced
accumulation of the heavy metal cadmium, reducing carbon emissions and dramatically lowering runoff to waterways and
shrinking fertiliser needs over time.
The resource represents one of New Zealand’s most valuable mineral assets and is of huge strategic significance because
phosphate is essential to maintain New Zealand’s high agricultural productivity.
New Zealand’s current access to phosphate is vulnerable to economic and political events in the six countries
controlling 98% of the world’s phosphate reserves, with 85% of the total in the Western Saharan state of Morocco.
Chatham takes very seriously the responsibility vested in it through its mining permit to use the world’s best knowledge
and technology to safely extract this resource to help sustainably feed the world.
Our initial environmental consenting process independently established extraction would have no significant impact on
fishing yields or profitability, marine mammals or seabirds.