Key points
- The offering closed pursuant to Chatham Rock Phosphate’s news release dated June 28, 2024.
- The company issued 878,000 shares for gross proceeds of $70,240.
- All securities issued are subject to a hold period until Nov. 20, 2024.
- Proceeds will fund mine development at Korella North in Queensland, permitting for the Avenir Makatea project in French Polynesia, and general working capital.
Pursuant to Chatham Rock Phosphate Ltd.’s news release dated June 28, 2024, the company has closed its offering (as defined in that news release), issuing a total of 878,000 shares raising gross proceeds of $70,240.
All securities issued are subject to a hold period until Nov. 20, 2024.
Use of funds
The funds raised will be used for the following purposes:
Fast-tracking the mine development at Korella North in Queensland;
Continuation of the permitting process for the Avenir Makatea onshore phosphate project in French Polynesia;
General working capital.
- Fast-tracking the mine development at Korella North in Queensland;
- Continuation of the permitting process for the Avenir Makatea onshore phosphate project in French Polynesia;
- General working capital.
