Key points
- Chatham Rock Phosphate Ltd. was instructed by IIROC to issue this clarification.
- The clarification concerns the company’s Nov. 5, 2017 news release on the Chatham Rise phosphate project.
- That release included a project value estimate that is unsupported and violates National Instrument 43-101, Section 2.3.
- The company states the estimated value must not be relied upon.
Chatham Rock Phosphate Ltd. has been instructed by IIROC to issue this news release to clarify certain disclosure in its news release dated Nov. 5, 2017, concerning the company’s Chatham Rise phosphate project. The news release included an estimate of the value of the project which is unsupported and is in violation of the requirements of National Instrument 43-101, Section 2.3. The estimated value contained in the news release must not be relied upon.
