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IN BRIEF: Challenger Acquisitions reverse takeover gets court approval

15th Jul 2021 17:59

Challenger Acquisitions Ltd - previously observation wheels, now "focused on securing a new project" - Says Supreme Court of British Columbia approves acquisition of Cindrigo Energy Ltd that was presented to and approved by shareholders of Cindrigo in June. The company anticipates that the reverse takeover of Cindrigo by Challenger will complete before the end of July.

Chief Executive Lars Guldstrand says: "Following shareholder approval at the EGM last month, today's approval by the Supreme Court of British Columbia represents another major step taken towards completing the acquisition of Cindrigo Energy by the end of July 2021."

Current stock price: 0.12 pence

Year-to-date change: unchanged

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.

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