South America explorer raises $6.5M

CHALLENGER Exploration has raised A$6.5 million in a placement made to a group of strategic investors, domestic institutions and chairman Fletcher Quinn.

South America explorer raises $6.5M South America explorer raises $6.5M South America explorer raises $6.5M South America explorer raises $6.5M South America explorer raises $6.5M

Challenger's Hualilan project in Argentina

The 65 million new shares will be issued at 10c per share, a 9% discount to the 10-day colume-weighted average price.

The second tranche, including a $1.