Share
CRP
12/10/2012 17:05
ALLOT
REL: 1705 HRS Chatham Rock Phosphate Limited
ALLOT: CRP: Allotment of Shares
12 October 2012
Allotment of Shares
Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today
undertaken placements at $0.262 per share and at $0.33 per share.
1,108,030 ordinary shares were issued at an issue price of $0.33 per share to
qualified investors. The issue price of $0.33 represents the volume weighted
average price of a share on the NZAX market earlier this week when the
pricing for these placements was agreed.
This has resulted in CRP raising approximately $365,000 in new capital that
will be principally devoted to activities related to the Marine Consent
environmental application to be made in 2013.
In addition two contractors of the Company (Widespread Portfolios Ltd and
Robin Falconer Associates Ltd) have received 128,817 shares under their
respective Contracts for Service at NZD$0.262 per share. These shares
represent partial payment for services during the July to September quarter.
Pursuant to those contracts for service the issue price of NZ$0.262 per share
reflects the 20 day volume weighted average price of a share on the NZAX
market to 1 October 2012.
Chris Castle
Managing Director
Email: [email protected]
Class of security:
Ordinary shares
ISIN: NZWENE0003S0
Number issued: 1,236,847 ordinary shares
Issue price: $0.262 per ordinary share for 128,817 ordinary shares
$0.33 per ordinary share for 1108,030 ordinary shares
Payment in cash: Yes
Fully paid: Yes
Percentage of class: 0.958%
Purpose of the issue: For working capital purposes and partial consideration
of Contracts for Service.
Authority for the issue: Board resolutions
Date of issue: 12 October 2012
Total number of securities on issue following allotments: 129,151,466
ordinary shares
End CA:00228406 For:CRP Type:ALLOT Time:2012-10-12 17:05:33
