Big funding slab raised for Challenger's Argentina gold play

CHALLENGER Exploration is raising A$42 million in new equity to take its cash position past $50 million as it funds at least eight drill rigs in action in Argentina and an overall ambition to become a “globally significant gold producer”.

Big funding slab raised for Challenger's Argentina gold play Big funding slab raised for Challenger's Argentina gold play Big funding slab raised for Challenger's Argentina gold play Big funding slab raised for Challenger's Argentina gold play Big funding slab raised for Challenger's Argentina gold play

The $42 million involves undisclosed investors and new shares priced at 28c each, with Challenger having previously raised $20 million last July when new shares were priced at 20c each.

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