Challenger Acquisitions Limited Agreement to Dispose of Investment in Dallas Wheel (2518N)
16 Gennaio 2019 - 10:30AM
UK Regulatory
TIDMCHAL
RNS Number : 2518N
Challenger Acquisitions Limited
16 January 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
16 January 2019
Challenger Acquisitions Limited
("Challenger" or the "Company")
Agreement to Dispose of Investment in Dallas Wheel Project
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has it has signed an agreement with the developers of the wheel
project in Dallas, Texas ("the Developers") to sell its US$300,000
investment in this project back to the Developers. This is in line
with the Company's strategy to seek out a project that can utilise
the public company platform.
Highlights
-- Challenger has received US$27,000 in interest (one year of interest at 9%)
-- Challenger will receive US$50,000 per month commencing 31 January 2019 for six months
-- Challenger will receive interest with each monthly payment (9% on balance)
-- Until the full US$300,000 has been received, Challenger
retains all legal rights from the original promissory note
Mark Gustafson, Challenger's Chief Executive Officer, stated,
"This transaction helps maintain the ongoing viability of our
Company as we continue the search for a suitable project with a
view to garnering near-term shareholder value."
This announcement contains inside information.
**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)
Lottie Wadham/Cosima Akerman +44 (0) 20 7236 1177
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END
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January 16, 2019 04:30 ET (09:30 GMT)
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