Fundamental Research Corp. Publishes Equity Analyst Research Report - Initiation of Coverage of Chatham Rock Phosphate

WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") is pleased to announce that Fundamental Research Corp. (“FRC”) — an Vancouver, Canada based investment research company, generating and distributing research to a global audience, including investment banks, institutional investors, as well as professional investors and relevant members of the global investment community —published its equity analyst research report dated January 9, 2018, entitled, Chatham Rock Phosphate (TSXV: NZP / NZAX: CRP / FSE:3GRE) Initiating Coverage – Offshore Phosphate in New Zealand

FRC’s research report on Chatham was written and produced by senior analyst Siddharth Rajeev, B.Tech (Electronics Engineering), MBA (Finance), CFA, Vice-President – Head of Research. FRC’s research department, headed by Sid Rajeev has covered over 300 small and micro-cap companies and 150 exempt market/private issues from a broad array of industries including Energy, Mining, Real Estate and Technology.


How to access the report

The FRC report is currently available upon request from Chris Castle or to view, and/or download, from FRC’s website - or upon written request from FRC:

Fundamental Research Corp.
Analyst: Sid Rajeev
Suite 308 – 1155 West Pender Street
Vancouver, BC, Canada V6E 2P4
telephone: 604-682-7050, fax: 604-682-7001, email:


The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Chatham and its industry. Any “forward looking statements” are FRC’s best estimates and opinions based upon information that is publicly available and that analysts believe to be correct, but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analysts and Fundamental Research Corp. “FRC” do not own any shares of Chatham, do not make a market or offer shares for sale of Chatham, and do not have any investment banking business with Chatham. Although the Company has paid a fee to FRC to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and have not received any endorsement or approval by Chatham. As such, Chatham does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Chatham made by research analysts complies with NI 43-101 or represent the opinions or beliefs of Chatham or its management or representatives. In addition to information filed by Chatham as found on SEDAR (, readers should only refer to the technical report(s) of Chatham relating to its projects for information about the projects prepared in accordance with NI 43-101. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, FRC analysts may not trade in any security under coverage. FRC’s full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Chatham has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.