other material
confidence high
sentiment neutral
materiality 0.65
Contango Ore prices $15M unit offering of shares and warrants; proceeds for Lucky Shot and Johnson Tract exploration
Contango Silver & Gold Inc.
- Pricing of 731,750 units at $20.50/unit: one share plus half a warrant (whole warrant exercisable at $26 for 36 months).
- Gross proceeds ~$15M; net proceeds ~$14.2M after discounts; closing expected June 12, 2024.
- Proceeds for working capital, Lucky Shot exploration, and HighGold's Johnson Tract (acquisition closing expected by July 2024).
- Canaccord Genuity and Cormark Securities as joint book-runners; Roth Capital Partners as co-manager.
- Offering under effective shelf registration statement (File No. 333-260511).