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Challenger Exploration Limited ( (AU:CEL) ) just unveiled an announcement.
Challenger Gold Limited has issued 7,811,757 ordinary shares without disclosure to investors, leveraging Section 708A(5)(e) of the Corporations Act 2001. These shares were allocated to Queens Road Capital as quarterly interest, consultants for services, and employees upon the vesting of performance rights. This move indicates the company’s ongoing compliance with corporate regulations and its strategic efforts to manage capital and incentivize stakeholders, potentially affecting its market positioning and stakeholder relationships.
More about Challenger Exploration Limited
Challenger Gold Limited, operating under the ASX ticker CEL, is involved in the gold mining industry. It focuses on the exploration and development of gold resources, positioning itself as a key player in the mineral exploration sector.
YTD Price Performance: -4.00%
Average Trading Volume: 1,851,657
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$80.64M
Find detailed analytics on CEL stock on TipRanks’ Stock Analysis page.
