---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-053495"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:58:15.582249+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Contango acquires HighGold for ~$37M in stock, adds Johnson Tract gold project

## Summary
- Each HighGold share exchanged for 0.019 Contango shares; total equity value ~$37M (US$0.40/share).
- Consideration represents 59% premium based on 20-day VWAP; HighGold shareholders to own ~15% of combined entity.
- Johnson Tract adds +1M oz AuEq at ~9.4 g/t, tripling Contango's current resources; DSO model targeted.
- Also acquiring Avidian Gold Alaska for $2.4M initial (cash+stock) plus up to $1M contingent; closes July 2024.
- Manh Choh mine first gold pour H2 2024; combined annual production target >150k oz Au.

## SEC filing metadata
- accession: 0000950170-24-053495
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000095017024053495/0000950170-24-053495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000095017024053495/ctgo-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053495
- JSON: https://secwatch.observer/filing/0000950170-24-053495.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053495.txt

## Key facts
- Material Agreements
  Contango Silver & Gold Inc. entered into Arrangement Agreement with HighGold Mining Inc. valued at total HighGold equity value of approximately $37 million (effective 2024-05-01).
  - Action: entry
  - Agreement: merger
  - Counterparty: HighGold Mining Inc.
  - Value: total HighGold equity value of approximately $37 million
  - Effective: 2024-05-01
  source text: On May 1, 2024, Contango ORE, Inc. (“Contango” or the “Company”) entered into a definitive arrangement agreement (the “Arrangement Agreement”), by and among the Company, Contango Mining Canada Inc., a corporation organized under the laws of British Columbia and a wholly owned subsidiary of the Company, and HighGold Mining Inc., a corporation existing under the laws of the Province of British Columbia (“HighGold”), pursuant to which the Company intends to acquire 100% of the outstanding equity interests of HighGold (the “HighGold Acquisition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000095017024053495/0000950170-24-053495-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.