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- Release Date: 14/12/12 16:51
- Summary: GENERAL: CRP: Share Purchase Plan Documentation and Record Date
- Price Sensitive: No
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CRP
14/12/2012 14:51
GENERAL
REL: 1451 HRS Chatham Rock Phosphate Limited
GENERAL: CRP: Share Purchase Plan Documentation and Record Date
14 December 2012
Share Purchase Plan Documentation and Record Date
Further to the announcement of 30 November, CRP is offering a further share
purchase plan to shareholders. The record date for the plan is 5pm today. The
plan offers shareholders (as at 5pm today) the opportunity to subscribe for
up to $15,000 of new shares at an issue price of $0.33 per share.
A copy of the share purchase plan booklet and top-up offer documentation
accompanies this announcement. These will be posted to shareholders on
Monday.
The issue price of $0.33 per share represents a 17.5% discount to the market
price at the close of trading on Friday, 30 November 2012 of $0.40 per Share
when this issue price was set and announced to the market. It also
represents the price at which CRP has last completed private placements.
Capital raised will be applied:
- To refine our mining system design so we can start detailed designs early
in 2013.
- To complete our environmental consent application to submit as soon as the
Exclusive Economic Zone Regulations are completed.
- To further work on and receive our mining licence and marine consent.
- To undertake further feasibility studies on beneficiation of our rock
phosphate
- If required, to undertake further research work at sea
- To undertake the required work programmes for the Namibian exploration
licences applied for earlier this year.
On behalf of the Board,
Chris Castle
Managing Director
Email: [email protected]
End CA:00231153 For:CRP Type:GENERAL Time:2012-12-14 14:51:55
