Probably Queens Road Capital
& last time they took a placement (see below), Blackrock came along too (substantial shareholder notice dated 20/9/22) so they maintained their percentageQueen’s Road Capital Investment Ltd. (TSX-QRC) (the “Company” or “QRC”) is pleased to announce that it has entered into an agreement with Challenger Exploration Ltd. (ASX: CEL) (“Challenger”) whereby the Company will purchase US$15,000,000 of convertible debentures to be issued by Challenger. QRC’s investment is being made concurrent with a A$2.6 million equity private placement by Challenger’s largest shareholder at A$0.19 per share.
The convertible debentures will have a 4-year term, carry a 9% coupon, a 3% establishment fee and will be convertible into Challenger common shares at a price of A$0.25. The interest is payable quarterly, 7% in cash and 2% in shares at the 20-day volume weighted average price prior to each interest payment date.
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5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $78.61M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $32.13K | 585.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34629 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.6¢ | 538470 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.055 |
1 | 4629 | 0.054 |
2 | 456732 | 0.053 |
1 | 150000 | 0.052 |
1 | 302682 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 557470 | 2 |
0.057 | 50000 | 1 |
0.059 | 215714 | 1 |
0.060 | 379914 | 4 |
0.061 | 780000 | 3 |
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