Chatham resolves EPA issue

About this update from Chatham Rock Phosphate Limited

[{"type":"text","content":"\n\n\n\nChatham resolves EPA issue\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWELLINGTON, New Zealand, Dec. 13, 2017\n\n\n\nWELLINGTON, New Zealand, Dec. 13, 2017 /CNW/ - Chatham Rock Phosphate Limited (TSXV: \"NZP\" and NZAX: \"CRP\" or the \"Company\") advises that it has decided to accept liability for the disputed costs with the Environmental Protection Authority (EPA) relating to the Marine Consent application made in 2014. \n\nAccordingly CRP has paid to the EPA the total claimed costs of CAD 708,000, substantially offset by funds placed in a trust account pending the resolution of the dispute. In consequence, the net impact on CRP's operational cash flows was only CAD 254,000.  \n\nCRP will be looking to formally conclude the court proceedings shortly and looks forward to the complete resolution of this legacy issue.\n\nNeither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.\nSOURCE Chatham Rock Phosphate\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/December2017/13/c2944.html\n\n\n\n\nChris Castle, President and Chief Executive Officer, Chatham Rock Phosphate Limited, 64 21 55 81 85 or [email protected] CNW Group 2017","length":2409,"tagName":"div"}]

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