Challenger Acquisitions Limited Update on Star Sanctum Event (3809L)
April 19 2018 - 1:00AM
UK Regulatory
TIDMCHAL
RNS Number : 3809L
Challenger Acquisitions Limited
19 April 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
19 April 2018
Challenger Acquisitions Limited
("Challenger" or the "Company")
Update on Star Sanctum Event
Further to its agreement with Star Sanctum, a private UK company
set to launch and operate film focused conventions ("the
Agreement") (see initial announcement dated 7 November 2017),
Challenger Acquisitions Limited (LSE: CHAL), the leisure and
entertainment focused company, has been informed by Star Sanctum
that the event scheduled in May 2018 has been cancelled due to
inadequate ticket sales and a resulting cash deficit to fund the
actors appearances.
As per the Agreement, Challenger provided a GBP100,000 loan to
Star Sanctum to support the launch of its first convention in
London. Following the cancellation of this event, Challenger will
commence legal proceedings to realise on the personal guarantee for
this loan as provided by Jane Lowther, the owner of Star
Sanctum.
Further updates will be made in due course.
This announcement contains inside information.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
+44 (0) 20 7236
Lottie Wadham, Charlotte Page 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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