Key points
- Gross proceeds of $33,213 were raised through the issue of 89,764 common shares at 37 cents per share.
- The placement terms were agreed in October 2016 and the deal was first announced March 29, 2017.
- All securities issued are subject to a hold period until Aug. 13, 2017.
- Proceeds from the placement will be used for general working capital.
Chatham Rock Phosphate Ltd. has closed its previously announced non-brokered private placement (see company news release dated March 29, 2017). Gross proceeds of $33,213 were raised through the issue of 89,764 common shares at a price of 37 cents per common share, terms that were agreed in October, 2016.
All securities issued pursuant to the private placement are subject to a hold period and may not be traded until Aug. 13, 2017.
The proceeds from the private placement will be used for general working capital.
