Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Chatham Rock Phosphate: Funding Round Successfully Completed

Funding Round Successfully Completed

Chatham Rock Phosphate is pleased to advise that it has raised approximately $820,000 in new capital. The allotment consists of new ordinary shares at $0.12 per share with one new listed CRPOB option allotted with each new share.

This completes the company’s funding round at $0.12 per share and funds the company through the decision point for its Marine Consent application. It is therefore not intended to seek any additional capital until a decision on the application has been made. As previously indicated to the market the company remains optimistic that a decision on the application will be released in the next few weeks.

The Board thanks shareholders for their strong belief in and support of the project.

Class of security:Ordinary shares
Options (CRPOB)
ISIN:NZWENE0003S0 – Shares
NZCRPE0001S3 – Options
Total number issued:6,785,994 Shares
6,785,994 Options
Issue price:$0.12 per Share
Options have an exercise price of $0.688 to receive a Share
Payment in cash:Yes
Fully paid:Yes
Percentage of class:Shares 3.33%
Options 14.69%
Purpose of the issue:For working capital purposes
Authority for the issue:Board resolutions
Date of issue:28 November 2014
Total number of securities on issue following allotments:210,347,901 Shares
52,972,305 Options

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.