Palisades sells 1.29 million shares of Chanticleer

By Lisa Kerner

Charlotte, N.C., Feb. 8 - Chanticleer Holdings, Inc. investors led by Palisades Master Fund, LP reduced their ownership interest in the company to 42.51% from 47.00% with the sale of 1,291,456 shares of the company's stock.

The shares were sold between Jan. 10 and Feb. 5 priced between $0.55 and $0.63.

The investors reported the sale in a schedule 13D filing with the Securities and Exchange Commission.

Palisades beneficially owns 3,542,572 shares of the Charlotte, N.C., business development company.

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