Challenger

April 20 2021 - Challenger Exploration Completes A$3.5M Option Financing.


Challenger Exploration announced a fully funded new 5-rig, 30,000 metre drill program at its Flagship Hualilan Gold project in San Juan, Argentina, enabled by a A$3.5M advance from RiverFort.


Under the Funding Agreement, Challenger issued A$3.5M of deep in the money options in return for the A$3.5M advance, whilst also being required to pay 6% interest per annum on the outstanding balance until the facility is repaid in July 2022.