Palisades sells more shares of Chanticleer

By Lisa Kerner

Charlotte, N.C., July 3 - Investors led by Palisades Master Fund, LP sold 2,387,400 shares of Chanticleer Holdings, Inc., reducing their stake in the company to 17.27%, from 21.86% on May 9.

According to a schedule 13D filing with the Securities and Exchange Commission, the shares were sold between May 5 and June 30 priced from $0.58 to $0.69 each.

The investors beneficially own 1,490,701 shares of the Charlotte, N.C., business development company.

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