Challenger Acquisitions Limited Board changes and funding

Data : 24/09/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Challenger Acquisitions Limited (CHAL)
Quotazione : 0.175  0.0 (0.00%) @ 09:45
Quotazione Challenger Acquisitions Grafico

Challenger Acquisitions Limited Board changes and funding

Grafico Azioni Challenger Acquisitions (LSE:CHAL)
Storico

3 Mesi : Da Set 2019 a Dic 2019

Clicca qui per i Grafici di Challenger Acquisitions

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

MSCSEWFMDFUSEIU

(END) Dow Jones Newswires

September 24, 2019 02:00 ET (06:00 GMT)

La tua Cronologia
BIT
BMPS
Monte Pasc..
BITI
FTSEMIB
FTSE Mib
BIT
UCG
Unicredit
NASDAQ
AAPL
Apple
FX
EURUSD
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20191214 19:39:34