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Challenger Gold Limited (ASX:CEL)

ALERT: Price-sensitive ASX Announcement for CEL
Current share price for CEL : $2.740 0.67 (32.37%)+
Announcement
Release
31 Jul 2026 6:09PM
Price at Release
$2.070
Full Release
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Summary
Challenger Gold Limited (ASX: CEL) announced the successful completion of the institutional portion of Tranche 2 of an A$85 million capital raising, raising $69.7 million. The capital will be allocated towards resource growth, the completion of the Hualilan DFS, and other financial needs. The company also appointed Peter Marrone as Non-Executive Chairman and Yohann Bouchard as Chief Operating Officer, with Felipe Riquelme set to become CFO on 10 August 2026. Kris Knauer will retire as CEO and Director by 31 July 2026. A share consolidation at a 20:1 ratio was completed, and the company issued shares and options to significant investors including Mr. Marrone and affiliates of Eduardo Elsztain.
Key Points
  • Completion of institutional portion of Tranche 2 of A$85 million capital raising.
  • Peter Marrone appointed as Non-Executive Chairman.
  • Yohann Bouchard appointed as Chief Operating Officer.
  • Felipe Riquelme to become Chief Financial Officer effective 10 August 2026.
  • Kris Knauer to retire as CEO and Director effective 31 July 2026.
  • Proceeds of capital raise to support resource growth, Hualilan DFS, and working capital.
  • Share consolidation of 20:1 completed.
  • Mr. Marrone and other lead investors subscribed for A$10 million.
  • Director Placement raised A$5.3 million to affiliates of Eduardo Elsztain.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.