New Zealand-based Chatham Rock Phosphate (CRP) Ltd plans to seek a dual listing of its shares on the Toronto Stock Exchange’s secondary board in order to attract funding for its projects, including Chatham Rock undersea phosphate in New Zealand territorial waters.
As a result of “adverse market conditions still prevailing in overseas markets,” CRP decided to go for a dual listing instead of the originally planned initial public offering (IPO).
Managing director Chris Castle explained...