Chatham Rock to delay exercise of options

Thu, 30 Oct 2014

By Paul McBeth Oct. 30 (BusinessDesk) - Chatham Rock Phosphate, which is seeking to mine phosphate nodules from the seabed on the Chatham Rise, will push out the date to exercise its listed options until 12 months after it receives marine consent to allow it share price to stabilise. The Wellington-based company had planned to begin the exercise period 15 days from being issued a marine consent, which is currently the subject of hearings, closing the period three months after, but will extend that by another nine months, it said in a stat...

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