8-K
filed November 15, 2022, 6:59 PM ET
ticker CTGO
CIK 0001502377
earnings
confidence high
sentiment negative
materiality 0.55
Contango ORE Q3 net loss $7.1M ($1.05/sh) vs $4.6M loss a year ago; Lucky Shot drill results pending
Contango Silver & Gold Inc.
2023-Q1 EPS reported
-$1.05
- Net loss of $7.1M ($1.05 per share) for Q3 2022, compared to net loss of $4.6M ($0.68 per share) in Q3 2021.
- Loss increase driven by higher exploration spending at Lucky Shot project in Alaska.
- Completed 23 drill holes at Lucky Shot; all intersected the vein; assay results pending.
- Stockholders approved increase in shares available under equity plan from 2M to 2.6M.
- Directors re-elected: Brad Juneau, Rick Van Nieuwenhuyse, Joseph Compofelice, Curtis Freeman, Richard Shortz.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Contango Silver & Gold Inc. reported the quarter ended September 30, 2022 results: net income net loss of $7.1 million or ($1.05) per basic and diluted share, EPS ($1.05) per basic and diluted share.
- Period
- the quarter ended September 30, 2022
- Net income
- net loss of $7.1 million or ($1.05) per basic and diluted share
- EPS
- ($1.05) per basic and diluted share
- Result
- reported results
Exact text from the filing
The Company reported a net loss of $7.1 million or ($1.05) per basic and diluted share for the three months ended September 30, 2022, compared to a net loss of $4.6 million or ($0.68) per basic and diluted share for the same period last year.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Contango Silver & Gold Inc. shareholders approved Ratify the appointment of Moss Adams LLP as independent auditors for fiscal year ending June 30, 2023 at the 2022-11-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
3. Proposal 3 : The proposal to ratify the appointment of Moss Adams LLP as the independent auditors of the Company for the fiscal year ending June 30, 2023 was approved by the following number of votes: For Against Abstain Broker Non-Votes 5,153,531 342 5,603 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Contango Silver & Gold Inc. shareholders approved Non-binding advisory vote to approve executive compensation at the 2022-11-10 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
4. Proposal 4 : The proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers was approved by the following number of votes: For Against Abstain Broker Non-Votes 4,632,741 15,118 177,967 333,650
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Contango Silver & Gold Inc. shareholders approved Approve the grant of discretionary authority to the chairman of the Annual Meeting to adjourn the meeting if necessary to solicit additional proxies at the 2022-11-10 meeting.
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
5. Proposal 5 : The proposal to approve the grant of discretionary authority to the chairman of the Annual Meeting to adjourn the Annual Meeting, if necessary, to solicit additional proxies in the event that there are not sufficient votes at the time of the Annual Meeting to approve any of Proposals 1-4 was approved by the following number of votes: For Against Abstain Broker Non-Votes 4,894,653 73,034 191,789 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Contango Silver & Gold Inc. shareholders approved Approve the Second Amendment to the Amended and Restated 2010 Equity Compensation Plan at the 2022-11-10 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
2. Proposal 2 : The proposal to approve the Second Amendment to the Amended and Restated 2010 Equity Compensation Plan was approved by the following number of votes: For Against Abstain Broker Non-Votes 4,516,442 230,276 79,108 333,650
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Contango Silver & Gold Inc. shareholders approved Election of five directors to serve until the 2023 annual meeting at the 2022-11-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-11-10
Exact text from the filing
1. Proposal 1 : Each of the director nominees was elected to the Board to serve as a director until the 2023 annual meeting of stockholders of the Company and until his respective successor is duly elected and qualified: Name For Against Abstain Broker Non-Votes Brad Juneau 4,772,719 47,249 5,858 333,650 Rick Van Nieuwenhuyse 4,804,024 18,974 2,828 333,650 Joseph S. Compofelice 4,625,834 48,544 151,448 333,650 Curtis J. Freeman 4,656,276 18,944 150,606 333,650 Richard A. Shortz 4,486,093 77,027 262,706 333,650
View on SEC.gov
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