Ann: GENERAL: CRP: CRP seeks more capital to ensure overseas listing

• Release Date: 28/10/15 16:00
• Summary: GENERAL: CRP: CRP seeks more capital to ensure overseas listing
• Price Sensitive: No
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					CRP
28/10/2015 16:00
GENERAL
NOT PRICE SENSITIVE
REL: 1600 HRS Chatham Rock Phosphate Limited

GENERAL: CRP: CRP seeks more capital to ensure overseas listing

Media Release
28 October 2015
CRP seeks more capital to ensure overseas listing
Chatham Rock Phosphate is embarking on a new round of capital-raising in
order to hold 12 months forward working capital.
As signalled in our announcement of 21 October this capital is required so
Chatham, after its merger with Antipodes Gold, remains listed on the Toronto
Stock Exchange. The Toronto listing is being pursued to provide a more
sophisticated trading platform for Chatham shares and is expected to be
welcomed by our overseas shareholders, many of whom are based in the USA.
"We believe it will facilitate fundraising in Canada, the largest
mineral-resources focused marketplace," according to Managing Director Chris
Castle.
"Chatham is seeking to raise $1 million. The shares are being marketed among
eligible existing shareholders, new wholesale investors and we will also be
continuing to target the farming community.
The offer is priced at $NZ0.6c, a 14% discount to recent sales and is open
until 30 November or until it is filled, whichever occurs first.
"This is an opportunity to invest in a company building a wider base focusing
on sourcing and trading rock phosphate from several green phosphate sources.
We are moving quickly away from being a single project company waiting for an
environmental consent and taking more control of our destiny."
Following the latest capital-raising among existing shareholders, interests
associated with the directors and management are now Chatham's largest
shareholders, with New Zealand farmers and hundreds of other Kiwis owning
more than half the company.
Mr Castle said the offer is being marketed as an opportunity to own, via
Chatham,  a growing global network of independent sources of low cadmium, low
carbon footprint, reactive rock phosphate.
Individuals wishing to take advantage of this offer should contact Mr Castle
by email at [email protected] or mobile (021 558 185) in order to receive an
application form. Application forms can also be downloaded from the home page
at www.rockphosphate.co.nz
About Chatham Rock Phosphate
Chatham Rock Phosphate has redefined its goals and objectives. Chatham aims
to be the premier supplier of direct application phosphate to the New Zealand
and global agricultural sector.  We are passionate about the benefit of
direct application fertiliser to sustainable farming and agricultural
practices.  Our objectives are to:
o Achieve consent of the Chatham Rise project and develop the asset
o Diversify our product mix to include other onshore phosphate
resources
o Maintain our involvement at the forefront of the marine minerals
sector to leverage our expertise as a project pioneer
o Develop a pathway for CRP products for the agricultural and retail
sectors.

Chris Castle
[email protected]
Mobile: +64 (21) 558 185
End CA:00272443 For:CRP    Type:GENERAL    Time:2015-10-28 16:00:14