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Chatham announces grant of stock options

Insider Disclosure10 May 2018CRPIndustrials

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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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