Chatham Rock Phosphate Launches Share Purchase Plan

Chatham Rock Phosphate Limited (TSE:NZP) has released an update.

Chatham Rock Phosphate Limited has announced a Share Purchase Plan (SPP) for existing shareholders, primarily in New Zealand, offering shares at CA$0.08 each, with an application range from 5,000 to 100,000 shares per shareholder. Eligible New Zealand shareholders must hold shares by July 5, 2024, to participate, with the SPP closing on July 26, 2024. Proceeds from the offering will expedite the development of the Korella North mine and fund permitting for the Avenir Makatea project in French Polynesia.

For further insights into TSE:NZP stock, check out TipRanks’ Stock Analysis page.