- Release Date: 09/09/13 18:48
- Summary: ALLOT: CRP: Allotment of Shares and Options
- Price Sensitive: No
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CRP 09/09/2013 16:48 ALLOT REL: 1648 HRS Chatham Rock Phosphate Limited ALLOT: CRP: Allotment of Shares and Options 9 September 2013 Allotment of Shares and Options Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today undertaken placements at $0.30 per share and issued further CRPOB options. CRP is presently undertaking a private capital raising offer to qualified investors which has the following key features: o CRP agrees an amount of shares to be subscribed for by an investor in aggregate. o Half of the shares are subscribed for at an issue price of $0.30 per share (Tranche One). o The investor commits to subscribing for the balance of the shares at $0.35 per share within 2 weeks of the Company being granted a mining licence in respect of its Chatham Rise phosphorites project (Tranche Two). o For every two shares subscribed for under Tranche One and Tranche Two, one option (CRPOB) is also allotted to the investor. CRP is pleased to advise that it has entered investment agreements with qualified investors whereby a total of approximately $900,000 in new capital has been committed under this offering structure. As a result CRP is today allotting the Tranche One component of this amount representing approximately $400,000 in new capital. Chris Castle Chief Executive Officer Email: [email protected] Class of security: Ordinary shares Options (CRPOB) ISIN: NZWENE0003S0 NZCRPE0001S3 Number issued: 1,364,008 ordinary shares 682,004 options Issue price: $0.30 per ordinary share Payment in cash: Yes Fully paid: Yes Percentage of class: 0.97% of shares 45.44% of options Purpose of the issue: For working capital purposes towards permitting of the Chatham Rise phosphorites project Authority for the issue: Board resolutions Date of issue: 9 September 2013 Total number of securities on issue following allotments: 141,633,184 ordinary shares 2,182,938 options End CA:00240903 For:CRP Type:ALLOT Time:2013-09-09 16:48:03
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STRATEGIC ENERGY RESOURCES LIMITED
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