CRP
05/09/2014 14:49
ALLOT
REL: 1449 HRS Chatham Rock Phosphate Limited
ALLOT: CRP: Allotment of Shares
5 September 2014
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.
Chris Castle
Chief Executive
Email: [email protected]
Class of security: Ordinary shares (CRP)
Options (CRPOB)
ISIN: NZWENE0003S0 - Shares
NZCRPE0001S3 - CRPOB
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: Yes
Fully paid: Yes
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
End CA:00254937 For:CRP Type:ALLOT Time:2014-09-05 14:49:35
