May 11 (Reuters) - Challenger Exploration Ltd CEL.AX :
* INCREASED GROUND POSITION AT HUALILAN AND $42.1M PLACEMENT-CEL.AX
* ANNOUCES AWARD OF THREE ADDITIONAL EXPLORATION LICENCES WHICH COVER 12.6 SQUARE KMS ADJOINING NEW AYEN EXPLORATION LICENCE
* PROCEEDS FROM PLACEMENT TO BE APPLIED TO ACQUISITION OF REMAINING 25% OF CO'S HUALILAN PROJECT