https://www.miningweekly.com

Challenger secures another A$4m share placement

18th April 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Challenger Gold has placed an additional A$4-million to a single investor at 8.5c a share for a one-for-one option exercisable at 14c a share.

The investor approached the company and requested the opportunity to co-invest with Eduardo Elsztain’s group on the same terms.

This follows a strategic placement generating A$5.6-million to a group controlled Elsztain, a prominent Argentine businessman.

The proceeds from the placement will be used to complete the final 8 000 m of a 22 000 m programme on the company’s assets in Ecuador aimed at generating a maiden mineral resource estimate for the Colorado V tenements.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION