Challenger Exploration has raised US$32.8 million
Challenger Exploration (ASX:CEL) has completed a fundraising. The raise was strongly supported by domestic and international institutions, both new and existing, with a cornerstone investment from a globally renowned investor.
Challenger Exploration, led by an experienced management team, aspires to become a globally significant gold producer. The company is developing two complementary gold/copper deposits in South America. The strategy for the Hualilan Gold Project is for it to provide a high-grade, low capex operation in the near term. This underpins Challenger with a low risk, high margin source of cash flow while, it prepares for a much larger bulk gold operation in Ecuador.
Oaklins’ team in Australia acted as joint lead manager to the raise.
Talk to the deal team
LHN Logistics has raised S$5.0m (US$3.6 million) in gross proceeds
LHN Logistics Limited has completed a fundraising to partially finance the construction of an ISO tank depot, expand the transportation fleet and acquire moving equipment.Learn more
SRT Marine Systems has completed a share placing
SRT Marine Systems plc (SRT) has raised funds to provide working capital for the systems division to enable implementation of multiple projects, such as increased production of digital navigation transceivers.Learn more
Parsley Box Group has completed a new share placing
Parsley Box Group plc has completed a fundraising to target new customer acquisitions, develop a tailored online customer journey and community-focused membership program, new product development for food, as well as strengthening the balance sheet and general working capital to support a 4-year-old scale up business.Learn more