Challenger Acquisitions Limited Additional Company Update (2182W)
July 31 2018 - 1:00AM
UK Regulatory
TIDMCHAL
RNS Number : 2182W
Challenger Acquisitions Limited
31 July 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
31 July 2018
Challenger Acquisitions Limited
("Challenger" or the "Company")
Additional Company Update
Further to the Company update on 18 July 2018, Challenger
announces that it has executed an agreement with the owner of Star
Sanctum ("Owner") regarding the repayment of the GBP100,000 loan
Challenger provided to the Owner on the following basis:
-- The Owner will re-pay the full GBP100,000 loan amount to
Challenger commencing with a GBP35,000 payment on or before 30
September 2018, then quarterly payments with the balance on or
before 30 June 2019
-- Challenger has agreed not to take any legal action against
the Owner on the condition that the above payments are
completed
Mark Gustafson, Challenger's Chief Executive Officer, said
"Under the circumstances this is a mutually beneficial outcome for
both parties and we look forward to receiving these payments."
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)
Lottie Wadham, Charlotte Page +44 (0) 20 7236 1177
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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