Printer Friendly

CHALLENGER INTERNATIONAL, LTD. COMPLETES PUBLIC OFFERING

 CHALLENGER INTERNATIONAL, LTD. COMPLETES PUBLIC OFFERING
 HAMILTON, Bermuda, Oct. 30 /PRNewswire/ -- Challenger International, Ltd. (NASDAQ: CSTIF), announced today that it has successfully completed the public offering of 4,375,000 Special Restricted Voting Shares in Ontario and British Columbia at a price of US$0.80 per share. Canaccord Capital Corporation, (formally L.O.M. Western Securities Ltd.) acted as agent.
 The proceeds are intended to be used to restructure the outstanding debt and provide working capital for the company's main operating subsidiaries - Savage Arms, Inc. and Passive Bullet Trap, Inc.
 -0- 10/30/92
 /CONTACT: Challenger International, Ltd., 809-295-8639/
 (CSTIF) CO: Challenger International, Ltd. ST: IN: SU: OFR


OS -- NY004 -- 6938 10/30/92 08:00 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 30, 1992
Words:118
Previous Article:EDUCATORS FROM AROUND THE COUNTRY COME TO DETROIT TO STUDY CREATIVITY
Next Article:ZEOS INTERNATIONAL, LTD. REPORTS THIRD QUARTER RESULTS


Related Articles
CHALLENGER INTERNATIONAL ANNOUNCES PROPOSED PUBLIC OFFERING
CHALLENGER INTERNATIONAL REPORTS RESULTS
CHALLENGER INTERNATIONAL FILES AMENDED PROSPECTUS
CHALLENGER INTERNATIONAL REPORTS THIRD QUARTER RESULTS
CHALLENGER INTERNATIONAL ANNOUNCES PRIVATE PLACEMENT OF SHARES
CHALLENGER INTERNATIONAL, LTD. SIGNS LETTER OF INTENT TO SELL SAVAGE ARMS UNIT; SECURES FINANCING TO COMPLETE ACQUISITION OF INTELECT, INC.
CHALLENGER INTERNATIONAL, LTD. REPORTS FIRST TELECONFERENCING APPLICATION ON-LINE FOR INTELECT, INC. S-4 DIGITAL SWITCHING SYSTEM
CHALLENGER INTERNATIONAL, LTD. ANNOUNCES CONTRACT FOR MAJOR UPGRADE TO HELLENIC AIR FORCE AIR DEFENSE SYSTEMS
CHALLENGER INTERNATIONAL, LTD. ANNOUNCES NEW ARUBA S4 AIR TRAFFIC CONTROL SYSTEM PRODUCED AND ACCEPTED IN RECORD TIME
CHALLENGER INTERNATIONAL, LTD. SHAREHOLDERS VOTE NAME CHANGE TO INTELECT COMMUNICATIONS SYSTEMS LIMITED

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters