Key points
- The TSX Venture Exchange extended the deadline for the non-brokered private placement to June 17, 2021.
- The placement is for up to six million units at 11 cents (12 New Zealand cents) per unit, for gross proceeds of up to $660,000 ($720,000 New Zealand).
- Each unit consists of one common share and one transferable warrant, with each warrant exercisable at 45 cents (53 New Zealand cents) for five years from issuance.
- Proceeds are intended for updated socio-economic and environmental reports for the Avenir Makatea mining permit and for general working capital.
Chris Castle
CHATHAM ROCK FURTHER EXTENDS PRIVATE
PLACEMENT CLOSING UP TO JUNE 17, 2021
Further to its news release dated May 4, 2021, Chatham Rock Phosphate Ltd. has obtained a further extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement until June 17, 2021. The private placement is for up to six million units at a price of 11 cents per unit (12 New Zealand cents) for gross proceeds of up to $660,000 ($720,000 (New Zealand)). Each unit will consist of one common share in the capital of the company and one transferable 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.
The company proposes to use the funds to provide updated socio-economic and environmental reports to facilitate the grant of the Avenir Makatea mining permit and for general working capital.
