Share
- Release Date: 02/10/13 17:20
- Summary: ALLOT: CRP: Allotment of Shares and Options
- Price Sensitive: No
- Download Document 2.3KB
CRP
02/10/2013 14:20
ALLOT
REL: 1420 HRS Chatham Rock Phosphate Limited
ALLOT: CRP: Allotment of Shares and Options
Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today
undertaken placements at $0.30 per share and at $0.292 per share.
74,627 ordinary shares were issued at an issue price of $0.30 per share to a
qualified investor. This investment is on the terms of the current private
capital raising offer announced to the market on 9 September, being:
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.
Accordingly this represents a $50,000 committed investment with $23,000 paid
for the shares allotted today and $27,000 to be paid for Tranche Two.
In addition two contractors of the Company (CRP-OCS Consulting Limited and
Robin Falconer Associates Ltd) have each received 51,370 shares under
Contracts for Service at $0.292 per share. These shares represent partial
payment for services. Pursuant to those contracts for service the issue price
of NZ$0.292 per share reflects the 20 day volume weighted average price of a
share on the NZAX market to 30 September 2013.
Chris Castle
Chief Executive
Email: [email protected]
Class of security: Ordinary shares and CRPOB Options
ISIN: NZWENE0003S0 (Shares)
NZCRPE0001S3 (Options)
Number issued: 177,367 ordinary shares
37,314 options
Issue price: $0.30 per ordinary share for 74,627 ordinary shares
$0.292 per ordinary share for 102,740 ordinary shares
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 0.125% for shares
1.71% for options
Purpose of the issue: For working capital purposes and partial consideration
under Contracts for Service.
Authority for the issue: Board resolutions
Date of issue: 2 October 2013
Total number of securities on issue following allotments: 141,810,551
ordinary shares
2,220,252 options (CRPOB)
End CA:00241905 For:CRP Type:ALLOT Time:2013-10-02 14:20:45
