Challenger Acquisitions Issues 38.8 Million Shares For Note Conversion (ALLISS)

6th Mar 2018 10:58

LONDON (Alliance News) - Challenger Acquisitions Ltd said Tuesday it has allotted 38.8 million shares in relation to the conversion of notes.

The company, which develops giant observation wheels, has issued 9.9 million shares to holders of the secured convertible note due on Friday last week. Of these, 4.2 million were for the entire balance of GBP500,000 and 5.7 million for interest.

It issued 9.4 million shares to holders of the unsecured note due on May 6, 8.2 million of which were for the GBP35,444 of notes and 1.2 million for interest.

Lastly, Challenger allotted 19.5 million shares to holders on the unsecured note due on June 8 next year, with 18.8 million for the GBP75,000 of notes and the rest for interest.

Challenger shares were down 17% on Tuesday at 0.479 pence per share.

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