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Chatham Rock Phosphate Raises Wetstone Global's Potential Stake in CRPNZ

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Chatham Rock Phosphate (NZE:CRP) said it has amended its May investment agreement with subsidiaries Chatham Rock Phosphate New Zealand (CRPNZ), Wetstone New Zealand, and Wetstone Global, increasing the maximum stake Wetstone Global can acquire through conversion of its limited recourse loan and accrued interest in CRPNZ to 75% from 70%, according to a Monday filing with the New Zealand bourse.

The amendment incorporates the necessary consequential changes, while all other terms and conditions of the original agreement remain unchanged, the filing added.

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