Chatham Appoints Mackie Research as Market Maker
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NEWS RELEASE 18‐09 April 6, 2018
Chatham Appoints Mackie Research as Market Maker
WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP”
or the “Company") wishes to advise shareholders that, subject to regulatory approval, it has
retained Mackie Research Capital Corporation to initiate its market making service to provide
market making services to the Company in
compliance with the policies and guidelines of the
TSX Venture Exchange and other applicable legislation.
Mackie will trade Chatham shares on the TSXV for the purposes of maintaining a reasonable
market and improving the liquidity of Chatham’s common shares. The agreement between
Mackie and the Company is on a month by
month basis Company has agreed to pay Mackie
$3,500 per month, payable in advance. The engagement may be terminated by either party
with written notice of 60 days. The Company and Mackie act at arm's length, but Mackie may
provide investment banking services to Chatham and Mackie and/or its clients
may have an
interest, directly or indirectly, in the securities of Chatham. The agreement is principally for the
purposes of maintaining market stability and liquidity for the Company's common shares and is
not a formal market making agreement. There are no performance factors contained in the
agreement between Mackie and the
Company and Mackie will not receive any shares or options
from the Company as compensation for services it will render.
About Mackie Research Capital Corporation
Mackie is one of Canada's largest independent full service investment firms, and proudly traces
its roots back to 1921. Mackie is privately owned by many
of its 300 employees. As a fully
integrated national investment dealer, Mackie offers a full complement of capital markets and
wealth management services to private clients, institutions and growth companies.
About Chatham Rock Phosphate
Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultra‐low
cadmium, environmentally
friendly pastoral phosphate fertiliser. Our key role is connecting the
resource with those who need it.
Using this phosphate will support sustainable farming practices, including healthier soil profiles
and reduced accumulation of the heavy metal cadmium, reducing carbon emissions and
dramatically lowering runoff to waterways and shrinking fertiliser needs over
time.
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The resource represents one of New Zealand’s most valuable mineral assets and is of huge
strategic significance because phosphate is essential to maintain New Zealand’s high agricultural
productivity.
New Zealand’s current access to phosphate is vulnerable to economic and political events in the
six countries controlling 98% of the world’s
phosphate reserves, with 85% of the total in the
Western Saharan state of Morocco.
Chatham takes very seriously the responsibility vested in it through its mining permit to use the
world’s best knowledge and technology to safely extract this resource to help sustainably feed
the world.
Our initial environmental consenting
process independently established extraction would have
no significant impact on fishing yields or profitability, marine mammals or seabirds.
For more information contact Chris Castle on 021 55 82 85 or chris@widespread.co.nz or
check out www.rockphosphate.co.nz
Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the
Exchange), or NZX Limited has in any way passed upon the merits of the Transaction and associated
transactions, and has neither approved nor disapproved of the contents of this press release.
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