Chatham Rock Phosphate Limited announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.07 (NZD 0.086 or AUD 0.08) per unit for gross proceeds of up to CAD 700,000 (NZD 860,000 or AUD 800,000) on November 16, 2023. Each Unit will consist of one common share in the capital of the Company and one transferable share purchase 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 three years from the date of issuance.

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 date of the Private Placement as provided by securities legislation. Finders? fees may be payable in cash to arm?s length parties in connection with the Private 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 December 21, 2023.