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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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 |
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