Contango Ore to merge with Dolly Varden Silver in all-stock deal; combined market cap ~$812M

Contango Silver & Gold Inc.

Exchange ratio 0.1652 Contango share per Dolly Varden share; owners split ~50% each on a fully diluted basis.
Combined company has >US$100M cash, ~US$15M debt, plus cash flow from producing Manh Choh gold mine in Alaska.
New board: 7 directors (4 Contango, 3 Dolly Varden); CEO Rick Van Nieuwenhuyse, President Shawn Khunkhun, CFO Mike Clark.
Name to change to Contango Silver & Gold Inc.; expected Q1 2026 close; subject to shareholder, court, and regulatory approvals.
Mutual $15M termination fee; voting support agreements from ~22% of each company's outstanding shares.

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 Arrangement Agreement with Dolly Varden Silver Corporation (effective 2025-12-07).

Action: entry
Agreement: merger
Counterparty: Dolly Varden Silver Corporation
Effective: 2025-12-07

Exact text from the filing

On December 7, 2025, Contango ORE, Inc. (the “Company”) and its newly formed subsidiary, 1566004 B.C. Ltd. (the “Acquiror”), a British Columbia corporation directly and wholly-owned by newly formed subsidiary, 1566002 B.C. ULC (“Callco”), a British Columbia unlimited liability company directly and wholly-owned by the Company, entered into an Arrangement Agreement (the “Agreement”) with Dolly Varden Silver Corporation, a British Columbia corporation (“Dolly Varden”).

View on SEC.gov

Browse all material agreements →

Contango Silver & Gold Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-316249

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.