Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Allotment of Shares and Capital Raising Update

25 August 2014

Allotment of Shares and Capital Raising Update

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.

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

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news