Business
Company Update - Release Executed & Funds Received
Company Update - Release Executed & Funds Received.
About this update from Cindrigo Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 5519U Challenger Acquisitions Limited 01 April 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.\n \nFor Immediate Release \n 1 April 2019\nChallenger Acquisitions Limited\n(\"Challenger\" or the \"Company\")\n \nCompany Update - Release Executed and Additional\nFunds Received\n \nChallenger Acquisitions Limited (LSE: CHAL) announces that it has executed a settlement agreement and general release (the \"Release\") with the owners of the Starneth group of companies (\"Starneth\"). The Release provides for the termination of all existing agreements between Challenger and Starneth, the transfer of one previously pledged unit in the New York Wheel to Starneth and the mutual release of any and all claims between the two parties. As such, Challenger now holds two equity units in the New York Wheel Project.\n \nChallenger also announces that it has received a further US$51,500 (US$50,000 principal plus interest) pursuant to an agreement with the developers of the wheel project in Dallas, Texas to sell its US$300,000 investment in this project back to the Developers. This is the third of six scheduled payments. \n \nThe Company has also received another £15,000 from the owner of Star Sanctum that was originally scheduled to be received on 30...