Challenger Exploration Limited (AU:CEL) has released an update.
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Challenger Gold Limited has announced the issuance of over 6 million new fully paid ordinary shares as part of a settlement agreement with a supplier. This move is expected to provide the company with financial flexibility by converting debt into equity. The securities will be listed on the Australian Securities Exchange under the code CEL.
For further insights into AU:CEL stock, check out TipRanks’ Stock Analysis page.