Chatham Rock eyes capital raising after Capital Trust delay

Sun, 13 Jan 2019

By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capital Trust Group. The company said the prerequisites for the transaction – which would involve a US$10 million injection into Chatham and Chatham’s purchase of Capital Trust – are taking longer than both parties had expected. “Consequently, it’s looking likely that, in order to retain operating momentum, CRP will soon approach the market and el...

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