- Release Date: 19/12/13 18:40
- Summary: ALLOT: CRP: Allotment of Shares
- Price Sensitive: No
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CRP 19/12/2013 16:40 ALLOT REL: 1640 HRS Chatham Rock Phosphate Limited ALLOT: CRP: Allotment of Shares 19 December 2013 Allotment of Shares Chatham Rock Phosphate Limited (NZX: CRP) advises that it has today undertaken placements at $0.35 per share and issued further CRPOB options following the grant of the mining permit. The placements are in connection with the second tranche of shares subscribed for by qualified investors as disclosed to the market on 9 September 2013. Under the terms of that capital raising investors committed to subscribe for a second tranche of shares at $0.35 per share following the grant of the mining permit. Investors also receive 1 option for every 2 shares subscribed for. This has resulted in CRP raising approximately $125,000. A further $375,000 is committed and likely to be allotted by Christmas. This is a very pleasing start to the next phase of CRP's capital raising efforts to secure $6 million - $3 million of which is expected to fund the costs of the marine consent process, with the application expected to be lodged early next year. Chris Castle Chief Executive Email: [email protected] Class of security: Ordinary shares Options (CRPOB) ISIN: NZWENE0003S0 Number issued: 360,150 ordinary shares 180,079 options Issue price: $0.35 per ordinary share Options have an exercise price of $0.70 to receive a share Payment in cash: Yes Fully paid: Yes Percentage of class: Shares 0.253% Options 7.502% Purpose of the issue: For working capital purposes Authority for the issue: Board resolutions Date of issue: 19 December 2013 Total number of securities on issue following allotments: 142,233,202 ordinary shares 2,400,331 options End CA:00245454 For:CRP Type:ALLOT Time:2013-12-19 16:40:24
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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