Challenger
- christopherbilmes
- Oct 28, 2022
- 1 min read
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.
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