Chatham Rock arranges $500,000 private placement

Executive Summary

• Chatham Rock Phosphate Ltd. is launching a non‑brokered private placement of up to 10 million units at C$0.05 per unit, targeting gross proceeds of up to C$500,000.
• Each unit consists of one common share and one transferable warrant exercisable at C$0.12 per share for twelve months from issuance; warrants may be accelerated if the TSX‑V price exceeds C$0.20 for 20 consecutive days after a four‑month hold period.
• Proceeds will be used for general working capital, and the offering is expected to close on or before 5 Dec 2025, subject to TSX Venture Exchange acceptance.

Key Details

• Units offered: Up to 10 million units at C$0.05 per unit (≈ NZ$0.062 or AU$0.055).
• Gross proceeds target: C$500,000 (NZ$620,000; AU$550,000).
• Unit composition: 1 common share + 1 share purchase warrant.
• Warrant terms:
• Exercise price: C$0.12 per share.
• exercisable any time within 12 months from issuance.
• Transferable subject to securities legislation.
• Accelerated expiry clause: If TSX‑V closing price > C$0.20 for 20 consecutive trading days after a minimum of four months + 1 day post‑closing, the company may give notice and set warrant expiry to 30 days after such news release.
• Hold period: Common shares and warrants subject to a hold period of four months + 1 day after private placement closing.
• Finders’ fees: May be paid in cash to arm’s‑length parties as permitted by TSX Venture Exchange policies.
• Closing date: Expected on or before 5 December 2025, pending TSX Venture Exchange acceptance.
• Use of proceeds: General working capital.

Notable Quotes

(No quotes provided in the release.)