RE: Direction29 Oct 2019 11:58
New Project: Participation in Company to Launch Film Focused Conventions
Challenger Acquisitions Limited (LSE: CHAL), the leisure and entertainment sector focused company, is pleased to announce that it has signed an agreement to support a private UK company (the "Private Company") set to launch and operate film focused conventions, beginning with a three-day event in London in 2018. These ticketed conventions will provide attendees with a unique opportunity to meet the stars of recent action hero movies.
Challenger has provided a loan of Β£100,000 (further details below) and has the option to participate in future events, which the Board believe could be very attractive, high-profile opportunities. Alongside this agreement, the Company is continuing to pursue additional acquisition and development opportunities, with due diligence currently being undertaken on five new potential projects, which the Board believes have the potential to offer near and long-term revenue generation prospects, as previously announced.