Offer Letter to Cindrigo Shareholders
Challenger Acquisitions Limited (LSE: CHAL) is pleased to announce that, further to its announcement dated 19 August 2020, it has issued a letter (“Offer Letter”) to certain of the shareholders of Cindrigo Energy Limited (“Cindrigo Shareholders”) of British Columbia, Canada
making an offer (“Offer”) to acquire from such shareholders at least 50.1% of the shares of Cindrigo Limited (“Cindrigo”) that they will hold following the completion of a proposed reorganisation of the
Cindrigo Group pursuant to a Plan of Arrangement (“PoA”) of Cindrigo Energy Limited. Cindrigo is part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector.
A copy of the announcement can be downloaded HERE