31st Jul 2018 14:01
LONDON (Alliance News) - Challenger Acquisitions Ltd said Tuesday it reached an agreement with Jane Lowther, the owner of Star Sanctum, for the repayment of the GBP100,000 loan the company gave it.
Under the terms of the agreement, Star Sanctum will repay the full amount of the loan on or before June 2019. The first GBP35,000 will have to be paid on or before September 30.
Challenger said it agreed not to take any legal action against the owner on the condition that the above payments are completed.
Challenger Acquisitions shares were trading 8.2% higher at 0.30 pence each.
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