Company Update – Release Executed and Additional Funds Received
Challenger Acquisitions Limited (LSE: CHAL) announces that it has executed a settlement agreement and general release (the “Release”) with the owners of the Starneth group of companies (“Starneth”).
The Release provides for the termination of all existing agreements between Challenger and Starneth, the transfer of one previously pledged unit in the New York Wheel to Starneth and the mutual release of any and all claims between the two parties. As such, Challenger now holds two equity units in the New York Wheel Project.
A copy of the announcement can be downloaded HERE