Challenger Gold Converts Debt to Equity with Share Issue

Challenger Exploration Limited (AU:CEL) has released an update.

Challenger Gold Limited is set to quote over 3.4 million fully paid ordinary shares as part of a settlement agreement with a supplier, converting previous cash dues into equity. This strategic move reflects the company’s efforts to manage its financial obligations while potentially influencing investor interest in the stock market. As these shares hit the market, investors will be keen to see how this impacts the company’s valuation and market performance.

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