In response to shareholder enquiries Chatham Rock Phosphate Ltd. wishes to provide the following update. We are still actively communicating with the Capital Trust Group stakeholders as they seek to raise the capital which was a prerequisite to undertaking/entering the transactions outlined in our announcement of 22 November. You will recall that these transactions included an injection of USD 10 million into Chatham and [...]
Chatham Rock Phosphate Ltd. wishes to advise that a year after first communicating with the incoming government it's timely for the Company to reiterate the messages it has sent directly to key Ministers during this period. We keep sending these messages as the benefits of this project include a well documented and established range of environmental and health related benefits as well as providing an obvious boost to our [...]
Chatham Rock Phosphate Ltd. wishes to advise that it has entered a non-binding indicative term sheet with the New Zealand based company, Capital Trust Group Limited . CTG is a FinTech company with particular expertise as a turn-key service provider for initial coin offerings and asset digitisation. CTG is looking to expand these service offerings into the mining and minerals sector and in particular identify, finance and [...]
Chatham Rock Phosphate Ltd. noted the Government announcement this week concerning its water quality objectives and believes it can contribute significantly to those aims. The Government is promising a noticeable improvement in water quality within five years and released a blueprint to improve freshwater quality. Minister David Parker noted the Government expects central and local government, farmers and businesses to [...]
Chatham Rock Phosphate Ltd. is pleased to announce that it has recently formed a 100% owned subsidiary Pacific Rare Earths Limited. This company has been formed to project-manage a work programme aimed at quantifying the extent, value and recoverability of Rare Earths Elements and other potentially strategic or valuable minerals contained in the rock phosphate nodules on the Chatham Rise. In addition, the company will be [...]
Chatham Rock Phosphate today notes the decision made in the High Court of New Zealand on 28 August 2018 to quash the decision to grant a Marine Consent to Trans-Tasman Resources , on the basis that the Decision Making Committee erred in applying an adaptive management approach to discharges, in contravention of the Exclusive Economic Zone and Continental Shelf Act 2012. CRP also notes that the remaining eight points of [...]
Chatham Rock Phosphate Ltd. is pleased to announce, further to the Company's news release dated July 25, 2018, that it has closed its Share Purchase Plan offer and has issued 763,561 units at a price of CAD$0.25 per Unit for gross proceeds of CAD$190,890. Each Unit consists of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant . Each whole Warrant entitles the [...]
WELLINGTON, New Zealand, July 26, 2018 /CNW/ - Chatham Rock Phosphate Ltd. previously announced on June 20, 2018 that it intended to undertake a share purchase plan offer to existing shareholders. CRP now wishes to advise that the closing date for the issue has been extended to August 24, 2018. Under the share purchase plan all shareholders, regardless of the size of their existing shareholding, are offered the [...]
WELLINGTON, New Zealand, June 29, 2018 /CNW/ - Chatham Rock Phosphate provides a further shareholder briefing. It has been particularly eventful recently and it's timely to provide a quick summary to shareholders. In this issue we will cover: Commencing the marine consent reapplication process Share purchase plan – importance of this succeeding in order to maintain momentum Marine phosphate permitting progress overseas [...]
WELLINGTON, New Zealand, June 25, 2018 /CNW/ - Chatham Rock Phosphate Ltd. advised on 21 June that it intended to undertake a share purchase plan offer to existing shareholders. CRP now wishes to confirm the timetable for the offering as it relates to New Zealand resident shareholders: Record Date: 5pm, Friday 29 June 2018. Offer Opens: Monday 2 July 2018. Offer Closes: Friday 20 July 2018. Allotment: on or before [...]
WELLINGTON, New Zealand, June 20, 2018 /CNW/ - Chatham Rock Phosphate Ltd. advised on 14 June that it had closed a non-brokered private placement of 2,345,771 units at a price of CAD$0.25 per Unit for gross proceeds of CAD$586,443. Each Unit consisted of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant . Each whole Warrant entitled the holder thereof to acquire [...]
WELLINGTON, New Zealand, June 14, 2018 /CNW/ - Chatham Rock Phosphate Ltd. is pleased to announce, further to the Company's news release dated April 3, 2018, that it has closed a non-brokered private placement of 2,345,771 units at a price of CAD$0.25 per Unit for gross proceeds of CAD$586,443. Each Unit consists of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant [...]