Challenger Deep Resources is very pleased to advise that its proposed change of business, first announced on April 29, 2015, has been approved by the Company's shareholders. At the Special and Annual General Meeting of Shareholders held on October 23, 2015, 100% of the votes represented in person and by proxy were voted in favor of the COB and the [...]
Challenger provides the following update in respect of its proposed change of business first announced on April 29, 2015. As previously announced on July 6, 2015, Challenger has engaged Clarus Securities Inc. to prepare a Sponsorship Report for the TSX Venture Exchange in accordance with Exchange policies regarding the proposed COB. The preliminary [...]
Challenger Deep Resources is pleased to announced that it has entered into an agreement with Clarus Securities with respect to Clarus's sponsorship of Challenger's proposed change of business initially announced on April 29,2015 .Following its due diligence, Clarus will prepare a Sponsorship Report in accordance with the policies of the TSX Venture [...]
Challenger Deep Resources is pleased to announced that, further to its news release dated April 29, 2015 and subsequent release dated May 27, 2015, it has now closed a non-brokered private placement consisting of 6,000,000 units of the Company, at a subscription price of $0.10 per Unit for gross proceeds of $600,000. Each Unit comprises one common [...]
Challenger Deep Resources is pleased to announce that further to its press release of April 29, due to increased interest, it is increasing the size of the non-brokered private placement to up to 6,000,000 units at a price of CAD $0.10 per Unit for gross proceeds of up to $600,000. As previously announced, each Unit shall be comprised of one common [...]
Challenger Deep Resources provides the following update in respect of its proposed change of business first announced on April 29, 2015. The Company has made significant progress in the internal development of software for its online promotions management system that will be the foundation of Challenger's new business. Development of our initial [...]
Challenger Deep Resources is pleased to announce a proposed Change of Business which, subject to regulatory and shareholder approval, will see the Company transition from a Resource Issuer to a Technology Issuer on the TSX Venture Exchange. Challenger's new business will be the development and operation of an Enterprise-level, multi-platform online [...]
Challenger Deep Resources is pleased to announced that, further to its news release dated August 27, 2014, it has now closed a non-brokered private placement consisting of 16,923,077 units of the Company, at a subscription price of $0.065 per Unit for gross proceeds of $1,100,000.01. Each Unit consists of one common share and one common share [...]
Challenger Deep Resources is pleased to announce that its Board of Directors has initiated a process to review potential strategic alternatives for the Company. The focus of the review will be on non-resource opportunities with particular emphasis on the technology sector. Challenger cautions shareholders that there is no assurance that the [...]
Challenger Deep Resources is pleased to announce that it has entered into a binding Letter of Intent for the sale of its Barito coal project in Central Kalimantan, Indonesia. Under the terms of the LOI the purchaser, a private Australian company, will purchase all of the outstanding shares of PT Bestindo Energy, a wholly-owned subsidiary of [...]
Further to our previously announced execution of an Exclusivity Agreement related for the coal mining and marketing rights for the ABBR Project in Central Kalimantan, Challenger Deep Resources is pleased to announce that, through its wholly owned subsidiary, PT Bestindo Energy, it has signed the formal exclusive Mining and Marketing agreement with [...]
Challenger Deep is pleased to provide an update on development progress at its Barito coal project in Central Kalimantan, Indonesia. The Barito project is comprised of two production licenses, KEM and ABBR. Following the completion of Challenger's private placement financing in April, 2013, an initial drill and mine planning program was initiated [...]
