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Chatham Rock and Wetstone Finalise $300K Financing Deal with 30% Equity Stake
9:12am on Friday 8th of May, 2026 AEST
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Chatham Rock and Wetstone Finalise $300K Financing Deal with 30% Equity Stake
9:12am on Friday 8th of May, 2026 AEST
Key Points
Existing USD 150,000 loan doubled and converted into 30% equity
Wetstone gains majority control of Chatham Rock Phosphate NZ board
Further funding via limited recourse loans convertible to shares
Wetstone may increase ownership to 70% upon key project milestones
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Chatham Rock Phosphate (NZX:CRP)
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