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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Probably Queens Road Capital& last time they took a placement...
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Mkt cap ! $73.83M |
Open | High | Low | Value | Volume |
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5 | 428000 | 0.052 |
5 | 461607 | 0.051 |
3 | 235000 | 0.050 |
2 | 371000 | 0.049 |
Price($) | Vol. | No. |
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0.054 | 481350 | 2 |
0.055 | 298418 | 3 |
0.056 | 206500 | 2 |
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