CRP
25/08/2014 17:05
PLACE
REL: 1705 HRS Chatham Rock Phosphate Limited
PLACE: CRP: Allotment of Shares and Capital Raising Update
25 August 2014
Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has
today raised NZD$1.22 million in new capital from qualified investors.
CRP also anticipates that it will complete further placements shortly for
approximately NZD$1 million in further new capital. As previously announced
to the market it is then intended to make an offer to all existing
shareholders to give them access to the investment terms currently being
offered by CRP.
Shares have today been issued at NZD0.12 per share (or the approximate
foreign currency equivalent). In addition, for each share issued, one CRPOB
$0.688 option has been issued.
Full particulars of today's allotment are set out below.
Chris Castle
Chief Executive
Email: [email protected]
Class of security: Ordinary shares (CRP)
Options (CRPOB)
ISIN: NZWENE0003S0 - Shares
NZCRPE0001S3 - CRPOB
Number issued: 10,216,667 ordinary shares
10,216,667 options
Issue price: NZD0.12 per share for 5,916,667 shares
USD0.10 per share for 1,300,000 shares
GBP0.06 per share for 3,000,000 shares
All Options have an exercise price of NZD0.688 to receive a share and a nil
grant price.
Payment in cash: Yes
Fully paid: Yes
Percentage of class: Shares 6.37%
Options 305.09%
Purpose of the issue: For working capital purposes
Authority for the issue: Board resolutions and NZAX Listing Rule 7.3.5
Date of issue: 25 August 2014
Total number of securities on issue following allotments: 170,546,288
ordinary shares
13,565,429 CRPOB options
End CA:00254357 For:CRP Type:PLACE Time:2014-08-25 17:05:38
