Challenger Acquisitions Limited Board changes and funding (3672N)
24 Settembre 2019 - 08:00AM
UK Regulatory
TIDMCHAL
RNS Number : 3672N
Challenger Acquisitions Limited
24 September 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
24 September 2019
Challenger Acquisitions Limited
("Challenger" or the "Company")
Board Changes & Funding
Challenger Acquisitions Limited (LSE: CHAL) is pleased to
announce the appointment of Mr. Rupert Esmond Ian Baring to the
board as a non-executive director with immediate effect. Mr.
Richard Marin and Mr. Gene Stice have voluntarily resigned from the
board of directors.
Mr. Baring has extensive experience in working with governments
and license holders across Africa, including but not limited to
South Africa, Zimbabwe, Lesotho, Namibia, Eritrea, Tunisia,
Botswana, Congo, Angola, Mali, Guinea, Liberia, Sierra Leone,
primarily in the mineral sector. He has also raised substantial
capital for junior resource companies and has proven experience in
building shareholder value.
Mark Gustafson, Challenger's Chief Executive Officer, said, "We
welcome Rupert to our board and look forward to his contributions
to the next steps in our development. On behalf of the board, I
would like to thank Richard and Gene for their instrumental support
in the difficult restructuring phase and wish them the best of luck
for the future."
Challenger has received GBP40,500 pursuant to a subscription
agreement for 27,000,000 ordinary shares at 0.15p. These funds will
be used for working capital purposes.
Application will be made to the Financial Conduct Authority
("FCA") for 27,000,000 Shares to be admitted to listing on the
standard listing segment of the Official List and to the London
Stock Exchange for such shares to be admitted to trading on the
Main Market for listed securities ('Admission'). It is expected
that Admission will become effective, and dealings in the new
ordinary shares will commence, at 8.00 a.m. on 27 September
2019.
Following this allotment, the total number of ordinary shares
with a nominal value of GBP0.01 each (the "Ordinary Shares") in
issue and the total number of voting rights in the Company is
296,001,572. There are no shares held in treasury. The figure of
296,001,572 Ordinary Shares and voting rights may be used by
shareholders in the Company as the denominator for the calculations
by which they can determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules
The Company has also received a further GBP7,000 from the owner
of Star Sanctum. This is the final payment, as agreed, and funds
received to date total GBP100,000 (the amount of the original
loan).
Information in relation to the appointment of Mr. Rupert Esmond
Ian Baring is as follows:
Current Directorships Past Directorships within 5
None years
Kimberley Diamonds Limited,
which put itself into voluntary
liquidation and was subsequently
delisted from the Australian
Stock Exchange.
No information is required to be disclosed pursuant to Listing
Rule 9.6.13 R.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
Isabel de Salis +44 (0) 20 7236 1177
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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