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

 

Revenue Renewal: Tax Modernisation Programme Launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system. More>>

ALSO:

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news