Key points
- Chatham Rock Phosphate obtained a TSX Venture Exchange extension for its previously announced non-brokered private placement.
- The offering is for up to four million units at 15 cents per unit (17.7 New Zealand cents), for gross proceeds of up to $600,000.
- Each unit consists of one common share and one transferrable share purchase warrant.
- Each warrant entitles the holder to buy one common share at 45 cents (53 New Zealand cents) any time within five years of issuance.
Chatham Rock Phosphate Ltd., further to its news release dated Dec. 20, 2019, has obtained an extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement of up to four million units at a price of 15 cents per unit (17.7 New Zealand cents) for gross proceeds of up to $600,000. It is expected that the placement will be completed by Jan. 31, 2020. Each unit will consist of one common share in the capital of the company and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of 45 cents (53 New Zealand cents) per share at any time prior to the date that is five years from the date of issuance.
All information previously reported about the private placement as well as the terms and conditions thereof remain the same.
