Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement

Tuesday 19th January 2021

Chatham Rock Phosphate Limited is pleased to announce, further to the Company’s news release dated December 1, 2020, that it has closed a non-brokered private placement of 10,000,000 common shares (the “Common Shares”) at a price of CAD $0.06 (NZ$0.07) per common share for gross proceeds of CAD $600,000 (NZ$700,000). Finders fees in the amount of CAN$3,360 were paid in connection with the private placement.

All securities issued pursuant to the private placement are subject to a hold period and may not be traded until May 16, 2021.

The funds raised will be used for working capital purposes.

See the link below for more details:

PP Closes successfully

Source: Chatham Rock Phosphate Limited

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