Chatham Rock Phosphate Limited (NZX:CRP) has closed a non-brokered private placement of 2,365,894 units at a price of CAD $0.08 per unit for gross proceeds of CAD$189,271.52 or NZ$236,589.
Each unit comprises of:
- One transferable share purchase warrant and;
- One common share in the capital of CRP.
Each whole warrant entitles the holder thereof to acquire one common share at a price of CAD $0.45 or NZ$0.53 per share.