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4.8¢ challenger gold limited

News: CEL Challenger Gold Seeks Trading Halt, page-21

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raiderup

27,264 Posts.

82

28/03/24

14:08

Post #: 73104938
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Originally posted by Ty Cat Mac: ↑

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 percentage

Queen’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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I was under the impression, its ASX listed ( the strategic partner), maybe twiggys outfit will be named, he has bought into the gold sector.

Raider

CEL Price at posting: 8.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $67.38M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.7¢	$13.09K	273.8K

Buyers (Bids)

No.	Vol.	Price($)
3	274556	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	419045	2

View Market Depth

No.	Vol.	Price($)
3	274556	0.046
3	813157	0.045
1	150000	0.044
2	315000	0.043
2	305000	0.042

Price($)	Vol.	No.
0.048	419045	2
0.049	155000	1
0.050	302854	3
0.051	115986	2
0.052	231964	4

Last trade - 16.10pm 31/07/2024 (20 minute delay)

CEL (ASX) Chart