Challenger completes capital raising

AFTER several unsuccessful years trying to crack the South African gas space, the rebranded Challenger Exploration’s plan to bring some South American metals interest to the market has come up trumps with the backdoor IPO oversubscribed and raising the maximum A$5 million.

Challenger completes capital raising Challenger completes capital raising Challenger completes capital raising Challenger completes capital raising Challenger completes capital raising

The Ecuadorian project has seen little work.

Challenger's plans involve an all-scrip deal to acquire AEP Corporation, which has the rights to earn 75% of the Hualilan project, Argentina, and 100% of El Guayabo in Ecuador.