Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2026capital raising announcement▲ GoodMajor
The A$85m raise is fully settled: A$10m from Marrone and lead investors and A$5.3m from Elsztain affiliates. Marrone is now Chairman, Bouchard COO, and Elsztain a non-executive director. Shares were also issued for the Blue Spruce Holdings (Australia) acquisition. Knauer stays as consultant for 6 months.
18 May 2026capital raising announcement▲ GoodMajor
Challenger raised A$85m at A$0.12 a share (about 708m shares), with one free option at A$0.156 for every two shares, to fund Hualilan resource drilling and the DFS. Peter Marrone was named Chairman-elect, subject to a June EGM vote, and Yohann Bouchard COO. Chairman Eduardo Elsztain was to become a non-executive director.
What it means for a shareholder
708m new shares at about A$0.1201 to raise about A$85.0m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (8,329 at the issue price), your slice goes from 0.000342% to 0.000265% of the company. To keep it you'd need 2,418 more shares - about A$290 at the issue price.
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27 Oct 2025capital raising announcement▲ GoodMajor
Raises about A$30m via 230.8m shares at A$0.13, a 7.1% discount to last close. Funds toll-milling working capital (A$21m), Hualilan drilling (A$5m) and standalone development capital (A$4m). Mining is expected in December and first gold in January 2026.
What it means for a shareholder
231m new shares at A$0.130 to raise about A$30.0m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held A$1,000 of shares (7,692 at the issue price), your slice goes from 0.000356% to 0.000322% of the company. To keep it you'd need 821 more shares - about A$107 at the issue price.
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21 July 2025capital raising announcement▲ Good
Elsztain Group raises its Tranche 2 commitment from about A$4.5m to about A$7.5m (93.5m shares plus free options), lifting the placement to A$37.5m. The extra A$3m goes to working capital; shareholder approval is still needed.
4 June 2025capital raising announcement▲ GoodMajor
Raises about A$34.5m at A$0.08 per share (431m shares, 16.7% below last close), with one free option per two shares at A$0.12. A$30m from L1 and Helikon; A$4.5m from Elsztain Group needs shareholder approval. Funds toll milling, Hualilan drilling and studies.
10 Jan 2025capital raising announcement▲ GoodMajor
The A$6.6m placement is complete: 147.7m shares at 4.5c to Elsztain's IFISA, with 2-year warrants, making him the largest shareholder at 12.7%. The US$2m toll-mill upfront payment has been paid. Elsztain is to join as Non-Executive Chairman, with Saul Zang as a director.
What it means for a shareholder
148m new shares at A$0.045 to raise about A$6.6m. That's 8.8% dilution: every existing holder's slice gets 8.8% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.00146% to 0.00133% of the company. To keep it you'd need 2,151 more shares - about A$97 at the issue price.
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25 Oct 2024capital raising announcement▲ GoodMajor
SPP closed heavily oversubscribed with over A$7.8m of applications against a A$1m target. The board accepted A$4m at 4.5c, scaling back pro rata and issuing 88.9m shares. Adds to the A$6.6m placement, but dilutes holders at a price far below April's 8.5c.
16 Oct 2024capital raising announcement● Neutral
Revised timetable: first placement shares issue 16 October, SPP closes 18 October with results 25 October, and remaining placement shares on or about 11 November. Timing change only; no new terms.
3 Oct 2024capital raising announcement● NeutralMajor
Share purchase plan offered to eligible shareholders at 4.5 cents, a 17% discount to the last close, targeting up to A$1m (A$30,000 cap each). Same price as the A$6.6m strategic placement, well below the 8.5c April raise. Offer runs 4–18 October.
18 Apr 2024capital raising announcement▲ GoodMajor
A further A$4m placement to one investor on the same terms as Elsztain's (8.5c, free 14c option to March 2025), lifting the total to A$9.6m. Funds the last 8,000m of Colorado V drilling for a maiden resource, after which Ecuador assets may be sold or spun off (company intention).
2 Apr 2024capital raising announcement▲ GoodMajor
A$5.64m placement of 66.4m shares at 8.5c, a 6% premium, to an affiliate of Argentine businessman Eduardo Elsztain (about 5%), with a free 14c option for 12 months. Investor gets a board nominee. Funds the PFS while strategic funding talks continue.
What it means for a shareholder
66.4m new shares at A$0.085 to raise about A$5.6m. That's 5.0% dilution: every existing holder's slice gets 5.0% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.000933% to 0.000886% of the company. To keep it you'd need 619 more shares - about A$53 at the issue price.
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9 Sept 2022capital raising announcement▲ GoodMajor
CEL signed US$15m (about A$22.1m) of unsecured convertible debentures with Queen's Road Capital, convertible at A$0.25, a 30% premium to the 5-day VWAP, 9% coupon, four-year term. Its largest shareholder adds A$2.6m at market, for A$24.7m total. This follows cash falling to A$10.4m; funds a Hualilan scoping study and more drilling.
11 May 2021capital raising announcement▲ GoodMajor
Firm commitments for an A$42.1m placement at A$0.28, to fund buying the remaining 25% of Hualilan, 120,000m of drilling and studies. Also, Hualilan ground is lifted four-fold to about 80 sq km via the 'Ayen' licence grant, three more licences and a farm-in. Cash would reach A$54.2m before costs.
20 Apr 2021capital raising announcement▲ GoodMajor
The 45,000m program finished and a new fully funded five-rig, 30,000m program started at Hualilan, backed by a A$3.5m advance from RiverFort against deep in-the-money options. The advance carries 6% interest, a A$105,000 fee and conversion at 40 cents via 10m options. Cash is about A$14.5m.
16 July 2020capital raising announcement▲ GoodMajor
Placement raises A$20m through 100m shares at 20c, a 13% discount to the last close. Funds a 35,000m Hualilan drilling program and 5,000m at Colorado V; a maiden JORC resource is targeted this calendar year. Directors intend to take up A$335,000 more, subject to approval.
What it means for a shareholder
100m new shares at A$0.200 to raise about A$20.0m. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.00115% to 0.000935% of the company. To keep it you'd need 1,149 more shares - about A$230 at the issue price.
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12 June 2020capital raising announcement● Neutral
Cleansing prospectus for an offer of 2,000 shares at 25 cents, lodged because trading was suspended more than 5 days in the past year. A technical filing to lift resale restrictions on shares issued; no new funds of substance.
What it means for a shareholder
2,000 new shares at A$0.250 to raise about A$500. That's 0.00046% dilution: every existing holder's slice gets 0.00046% smaller. If you held A$1,000 of shares (4,000 at the issue price), your slice goes from 0.00092% to 0.00092% of the company. To keep it you'd need 0 more shares - about A$0 at the issue price.
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15 Jan 2020capital raising announcement● Neutral
Cleansing prospectus for the 10c share offer, lodged to lift resale restrictions on shares issued in the placement because the company's recent trading suspension prevents a standard cleansing notice. It raises no new money or project news.
13 Jan 2020capital raising announcement▲ GoodMajor
Placement to raise $6.5m (before costs) via 65m shares at 10c, a 9% discount to the 10-day VWAP. The Chairman's $1.3m portion needs shareholder approval. Funds go to larger Hualilan drilling and Ecuador work; bids were reported at more than double the amount raised.
What it means for a shareholder
65.0m new shares at A$0.100 to raise about A$6.5m. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00271% to 0.0023% of the company. To keep it you'd need 1,759 more shares - about A$176 at the issue price.
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4 July 2019capital raising announcement▲ GoodMajor
Company says it has completed the $5m raise at 3c per share and resumes trading about 10am on 4 July 2019. Funds go to Hualilan (Argentina) and El Guayabo (Ecuador). 306m securities are escrowed to 4 July 2021. Completes the re-listing.
31 May 2019capital raising announcement▲ GoodMajor
The prospectus closed over-subscribed, raising its $5.0m maximum via 166,666,667 shares at 3c. The company has applied to ASX for reinstatement of its shares, suspended since August 2018. Completes the raise announced in the prospectus.
What it means for a shareholder
167m new shares at A$0.030 to raise about A$5.0m. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00856% to 0.00599% of the company. To keep it you'd need 14,265 more shares - about A$428 at the issue price.
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16 May 2019capital raising announcement● NeutralMajor
Re-compliance prospectus offers 166,666,667 shares at 3c to raise $5.0m, plus 180m shares, 78.4m options and 120m performance shares to AEP vendors. Also 10m shares to lenders and 6m to lead managers. Conditional on completion; company renamed Challenger Exploration. Advances the AEP deal.
What it means for a shareholder
167m new shares at A$0.030 to raise about A$5.0m. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00856% to 0.00599% of the company. To keep it you'd need 14,265 more shares - about A$428 at the issue price.
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13 June 2018capital raising announcement● NeutralMajor
Challenger plans a 1-for-4 non-renounceable rights issue at 1 cent to raise about $973,000, with major holders backing about $500,000. Clinton Carey replaces Bill Bloking as director, and accrued director fees are to be settled. The company reports the Select Committee has finished voting on the bill amendments.
31 Mar 2016capital raising announcement● Neutral
Cleansing notice: 32,767,918 shares were issued on 24 March 2016, including the 30m placement shares at 3c, a 14.61% discount to the 15-day average price. Total shares on issue are now 384,793,851, with no fees paid. Completes the March raising.
21 Mar 2016capital raising announcement▼ BadMajor
Challenger has commitments for a A$900,000 placement of 30 million shares at 3c, each with an attaching option at 5c expiring 30 June 2020. It will fund the licence application process and working capital. The price is half the 6c of the Nov 2014 raise.
24 Nov 2014capital raising announcement● NeutralMajor
Challenger raised A$1.2m before costs through a placement of 20 million shares at 6c to sophisticated investors, mostly existing shareholders. The company says it will fund the South African permit application process. This follows cash of A$0.485m at 30 Sep 2014.
19 May 2014capital raising announcement● Neutral
Loyalty options issue raises the full $988,447. Shareholders took up 44,916,960 options; the remaining 20,979,542 shortfall options go to underwriter Novus Capital. The underwriting delivered the full amount.
9 Apr 2014capital raising announcement● NeutralMajor
Prospectus for a fully underwritten loyalty options offer: one option per five shares at 1.5c, exercisable at 20c, up to $988,447 raised. Novus Capital underwrites. Small raise following cash of only A$0.44m at 31 December.
9 Apr 2014capital raising announcement● Neutral
Challenger announces the loyalty options issue: up to 65,896,502 options at 1.5c (exercise 20c, expiry 30 June 2016) to raise about $1m, fully underwritten by Novus. Funds support the Cranemere application, business opportunities and working capital. Repeats the prospectus.
7 Aug 2013capital raising announcement● Neutral
Administrative notice for the 6c placement: 16,666,667 shares will be issued, 14,666,667 on 9 Aug and 2,000,000 on 21 Aug 2013. No new information beyond the placement already announced.
7 Aug 2013capital raising announcement▲ GoodMajor
Challenger raised A$1.0m via a placement of 16,666,667 shares at 6c to existing sophisticated shareholders. This follows cash falling to A$282k at 30 June. The company says it supports the South African permit process.
