Contango ORE raises $30.4M in underwritten public offering of common stock

Contango Silver & Gold Inc.

Offered 1,600,000 shares at $19.00 per share; gross proceeds $30.4M; net ~$28.1M (or $32.4M if overallotment fully exercised).
Proceeds to fund Contango's 30% contribution to Peak Gold JV for Manh Choh gold mine, exploration at Lucky Shot, and working capital.
CEO states company now fully funded to reach production at Manh Choh mine, scheduled for H2 2024.
Underwriters granted 30-day option to purchase up to an additional 240,000 shares.
Offering closed July 26, 2023; joint book-runners Maxim Group LLC and Freedom Capital Markets.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Contango Silver & Gold Inc. entered into Underwriting Agreement with Maxim Group LLC and Freedom Capital Markets valued at approximately $28.1 million (effective 2023-07-24).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC and Freedom Capital Markets
Value: approximately $28.1 million
Effective: 2023-07-24

Exact text from the filing

On July 24, 2023, Contango ORE, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Maxim Group LLC and Freedom Capital Markets (collectively, the “Underwriters”), relating to an underwritten public offering (the “Offering”) of 1,600,000 shares (the “Underwritten Shares”) of the Company’s common stock

View on SEC.gov

Browse all material agreements →

Contango Silver & Gold Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001157

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.