On January 26, 2024, Chatham Rock Phosphate Limited closed the transaction. The company has issued 4,623,155 units at issue price of CAD 0.07 per unit for gross proceeds of CAD 323,621. The transaction includes participation of 5 insiders investors. 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 January 26, 2027. All the securities issued under the offering is subject to a hold period until May 27, 2024. The transaction included participation from 4 insiders of the company for 1,609,619 units for gross proceeds of CAD 112,673.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 40 placees and 5 existing insiders for 1,609,619 units.