Chatham announces private placement

NEWS RELEASE 21-13 August 20, 2021





CHATHAM ROCK PHOSPHATE LIMITED
PRIVATE PLACEMENT

WELLINGTON New Zealand – Due to investor enquiries after the closing of our July private
placement Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “CRP” or the “Company")
wishes to announce that the Company is proceeding with a further non-brokered private placement
(the “Placement”) of up to 9,000,000 units (the “Units”) at a price of CAD $0.11 per Unit
(NZ$0.125) for gross proceeds of up to CAD $990,000 (NZD $1,125,000) pursuant to a price
reservation filing made earlier in August and subject to regulatory approvals.

Each Unit will consist of one common share in the capital of the Company and one (1) transferable
share purchase warrant (“Warrant”), transferable subject to applicable securities legislation. Each
Warrant will entitle the holder thereof to acquire one common share at a price of CAD $0.45 per share
at any time prior to the date that is five (5) years from the date of issuance.

In the event that the common shares of the Company trade on the TSX Venture Exchange at a closing
price of greater than CAD $0.60 per common share for a period of 20 consecutive trading days at any
time after four months and one day after the closing date of the private placement, the Company may
accelerate the expiry date of the Warrants by giving notice to the holders thereof by way of a news
release and in such case the Warrants will expire on the 30
th
day after the date of dissemination of
such news release.

The common shares and Warrants issued pursuant to this proposed offering are subject to a hold
period of four months plus one day after the closing dates of the offering as provided by securities
legislation.

Finders’ fees may be payable in cash to arm’s length parties in connection with this placement as
permitted under the policies of the TSX Venture Exchange. The private placement is subject to the
acceptance by the TSX Venture Exchange and is expected to close on or before August 31, 2021.
Eligible investors are encouraged to contact the Company’s offices immediately if they wish to
participate.

For further information please contact:

Chris Castle
President and Chief Executive Officer
Chatham Rock Phosphate Limited
64 21 55 81 85 or chris@crpl.co.nz




Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New
Zealand Exchange 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.