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Allotment of Shares and Capital Raising Update

Allotment of Shares and Capital Raising Update

Chatham Rock Phosphate Limited (NZX: CRP) is pleased to advise that it has today raised a further NZD$1.24 million in new capital from qualified investors.

As previously announced to the market CRP is undertaking a rights issue on a 2 for 17 basis; each right granting its holder the right to subscribe for one ordinary share in CRP (and one new option to be granted for each share allotted). Rights trading is due to commence on Monday 8 September, 2014.

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:

10,350,000 ordinary shares

10,350,000 options

Issue price:

NZD0.12 per share for 5,350,000 shares

USD0.10 per share for 5,000,000 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 6.07%

Options 76.30%

Purpose of the issue:

For working capital purposes

Authority for the issue:

Board resolutions and NZAX Listing Rule 7.3.5

Date of issue:

5 September 2014

Total number of securities on issue following allotments:

180,896,288 ordinary shares

23,915,429 CRPOB options

ends

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