00:53:23 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Chatham Rock Phosphate Ltd
Symbol NZP
Shares Issued 90,709,751
Close 2024-01-25 C$ 0.09
Market Cap C$ 8,163,878
Recent Sedar+ Documents

Chatham Rock Phosphate details private placement

2024-01-26 16:03 ET - News Release

Subject: Chatham Rock Phosphate Limited - News Release Word Document File: '\\swfile\EmailIn\20240126 125702 Attachment NR (#2) re PP Closing and insider participation - Jan 26 2024 v1.docx' Error! Unknown document property name. Error! Unknown document property name. Error! Unknown document property name. Error! Unknown document property name. Error! Unknown document property name. Error! Unknown document property name. NEWS RELEASE 24-02 January 26, 2024 CHATHAM ROCK PHOSPHATE LIMITED PRIVATE PLACEMENT CLOSES WELLINGTON New Zealand - Chatham Rock Phosphate Limited (TSXV: "NZP" and NZX: "CRP" or the "Company") further to the Company's news release dated January 26, 2024 announcing the closing of its non-brokered private placement of 4,623,155 units (the "Units") at a price of CAD 0.07 per Unit, four of the subscribers were insiders of the Company for aggregate subscriptions of 1,609,619 Units, or a total of CAD 112,673 in gross proceeds. The subscriptions by the insiders of the Issuer are related party transactions for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Issuer is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscriptions, insofar as it involves the insiders of the Issuer, does not exceed 25% of the market capitalization of the Issuer, as determined in accordance with MI 61-101. For further information please contact: Chris Castle President and Chief Executive Officer Chatham Rock Phosphate Limited 64 21 55 81 85 or chris@crpl.co.nz Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the above descried transaction, and has neither approved nor disapproved of the contents of this press release.

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