Business
Issue of new £0.5m convertible note
Issue of new £0.5m convertible note.
About this update from Cindrigo Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 0713B Challenger Acquisitions Limited 14 June 2016 \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 \n14 June 2016 \n \nChallenger Acquisitions Limited\n(\"Challenger\" or the \"Company\")\n \nIssue of new £0.5m convertible note\n \nChallenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry, announces that it has raised £0.5 million (£0.475 million net of fees) by means of the issue of a new unsecured convertible note due 10 June 2018 (\"Convertible Note 2018\").\n \nThe funds raised from the Convertible Note 2018 will be used to support the Company's active growth strategy and for general working capital purposes, as it continues to solidify its leading industry position in the Giant Observation Wheel (\"GOW\") sector. Challenger has a pipeline of 25 GOWs worldwide, with the Company planning to add one new major project per year to its portfolio. \n \nThese new projects wi...