Tuesday, 21 August 2018

Announcement

OFFER: CRP: Chatham Rock Phosphate closes private placement

25 Jan 2018 10:51NZX
NEWS RELEASE 18-2
January 24, 2018

CHATHAM ROCK PHOSPHATE LIMITED
CLOSES PRIVATE PLACEMENT

WELLINGTON New Zealand - Chatham Rock Phosphate Limited (TSXV: "NZP" and
NZAX: "CRP" or the "Company") is pleased to announce, further to the
Company''s news release dated December 15, 2017, that it has closed a
non-brokered private placement of 972,737 units (the "Units") at a price of
CAD$0.30 per Unit for gross proceeds of CAD$291,821.  Each Unit consists of
one (1) common share in the capital of the Company and one-half of one ( 1/2
) non-transferable share purchase warrant ("Warrant").

Each whole Warrant entitles the holder thereof to acquire one common share at
a price of CAD$0.45 per share at any time prior to the date that is two years
from the date of issuance.  In the event that the common shares of the
Company trade on the TSX Venture Exchange at a closing price of greater than
CAD$0.60 per common share for a period of 20 consecutive trading days at any
time after four months and one day after the closing date of the private
placement, the Company may accelerate the expiry date of the Warrants by
giving notice to the holders thereof by way of a news release and in such
case the Warrants will expire on the 30th day after the date of dissemination
of the news release.

All securities issued pursuant to the private placement are subject to a hold
period and may not be traded until May 25, 2018.

The proceeds of this placement will be used for general working capital
purposes.

For further information please contact

Chris Castle
President and Chief Executive Officer
Chatham Rock Phosphate Limited
64 21 55 81 85 or chris@crpl.co.nz

Neither the Exchange, its Regulation Service Provider (as that term is
defined under the policies of the Exchange), or New Zealand Exchange Limited
has in any way passed upon the merits of the Transaction and associated
transactions, and has neither approved nor disapproved of the contents of
this press release.
End CA:00313434 For:CRP    Type:OFFER      Time:2018-01-25 10:51:40
Views: 114
Chatham Rock Phosphate
 0.3000 Change:
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Open:0.3000 
High:0.3000 
Low:0.3000 
Volume:0 
Last Traded:07/02/18 09:07:51 
Bid:0.1000 
Ask:0.3000 
52-Wk High:0.7000 
52-Wk Low:0.0060