Key points
- The TSX Venture Exchange extended the deadline for the non-brokered private placement to June 7, 2021.
- The placement covers up to six million units priced at 11 cents (12 New Zealand cents) per unit.
- Gross proceeds could reach $660,000, or $720,000 in New Zealand dollars.
- Each unit consists of one common share and one warrant exercisable at 45 cents (53 New Zealand cents) for five years from issuance.
Chatham Rock Phosphate Ltd., further to its news release dated March 22, 2021, has obtained an extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement until June 7, 2021. The private placement is for up to six million units at a price of 11 cents per unit (12 New Zealander cents) for gross proceeds of up to $660,000 ($720,000 (New Zealander)). 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 Zealander 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.
