Chatham announces grant of stock options
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NEWS RELEASE 18‐11 May 8, 2018
Chatham announces grant of stock options
WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP”
or the “Company") announces that, pursuant to its stock option plan, the Company has granted
incentive stock options to its directors, officers and consultants to purchase up to an aggregate
of 1,690,000 common shares
in the capital stock of the Company, exercisable for a period of five
years, at a price of CAD$0.29 per share.
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.
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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