To: Goose94 who wrote (12881 ) 5/27/2015 7:47:41 AM From: Goose94 Read Replies (2) | Respond to Challenger Deep Resources (CDE-V) May 27, '15 is pleased to announce that further to its press release of April 29, 2015, due to increased interest, it is increasing the size of the non-brokered private placement (the "Offering") to up to 6,000,000 units (the "Units") at a price of CAD $0.10 per Unit for gross proceeds of up to $600,000. As previously announced, each Unit shall be comprised of one common share and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of Challenger at an exercise price of CAD $0.15 for a period of two (2) years from the date of issuance of the Units. If, at any time after the expiry of the 4 month hold period, the closing price of the Challenger common shares on the TSX Venture Exchange is at least $0.50 for a period of 30 consecutive trading days, the Corporation may, at its option, accelerate the expiry date of the Warrants by issuing a press release and giving written notice thereof to all holders of warrants, and, in such case, the warrants will expire on the date which is the earlier of: (i) the 30th day after the date on which the press release is disseminated by the Corporation; and (ii) the original expiry date.About Challenger sundher@deepmarkit.com
