---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000069"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:05:42.461191+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Contango ORE raises $2.3M in private placement of common stock and warrants

## Summary
- Sold 117,500 shares at $20.00 each and warrants exercisable at $25.00 per share.
- Net proceeds of ~$2.3M for exploration/development at Peak Gold JV (30% interest) and general corporate purposes.
- Manh Choh project remains on schedule for first gold production in H2 2024; ~50% contracted/committed.
- Lucky Shot exploration drilling completed; assays expected by end of January 2023; SK1300 resource estimate by Q1 2023.

## SEC filing metadata
- accession: 0001157523-23-000069
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000115752323000069/0001157523-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000115752323000069/a53275817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000069
- JSON: https://secwatch.observer/filing/0001157523-23-000069.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000069.txt

## Key facts
- Material Agreements
  Contango Silver & Gold Inc. entered into Registration Rights Agreement with the Company and the Investors valued at not separately valued (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Company and the Investors
  - Value: not separately valued
  - Effective: 2023-01-19
  source text: Pursuant to a Registration Rights Agreement dated as of January 19, 2023 (the “Registration Rights Agreement”), by and among the Company and the Investors, the Company agreed to file up to one registration statement with the Securities and Exchange Commission upon demand from Investors holding a majority of the Shares at any time after six months after the Private Placement, but no later than three years after the Private Placement, in order to register the resale of the shares of Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000115752323000069/0001157523-23-000069-index.htm
- Material Agreements
  Contango Silver & Gold Inc. entered into Subscription Agreements with certain accredited investors (the Investors) valued at approximately $2.35 million aggregate purchase price (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors (the Investors)
  - Value: approximately $2.35 million aggregate purchase price
  - Effective: 2023-01-19
  source text: On January 19, 2023, Contango ORE, Inc. (“ the Company”) completed the issuance and sale of an aggregate of 117,500 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for $20.00 per share, and warrants (the “Warrants”) entitling each purchaser to purchase shares of Common Stock for $25.00 per share (the “Warrant Shares” and together with the Common Stock and the Warrants, the “Securities”), in a private placement (the “Private Placement”) to certain accredited investors (the “Investors”) pursuant to Subscription Agreements (the “Subscription Agreements”), dated as of January 19, 2023 between the Company and each Investor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502377/000115752323000069/0001157523-23-000069-index.htm

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