Challenger Examining Strategic Alternatives

摘要

Challenger Energy Corp.'s board of directors has appointed a special committee of directors with a mandate to undertake a process to evaluate the various strategic alternatives available to the company.The special committee has retained Peters & Co. Limited as its financial advisor to assist in the review process. The special committee has been formed to examine all alternatives available to Challenger, including the sale of the company, in order to ensure that shareholder value is maximized and to address the company's $14 million bridge facility.