---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-316249"
form_type: "8-K"
ticker: "CTGO"
cik: "0001502377"
company_name: "Contango Silver & Gold Inc."
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:29:36.847432+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-316249
- form_type: 8-K
- ticker: CTGO
- cik: 0001502377
- company_name: Contango Silver & Gold Inc.
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502377/000119312525316249/0001193125-25-316249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502377/000119312525316249/d79849d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-316249
- JSON: https://secwatch.observer/filing/0001193125-25-316249.json
- Plain text: https://secwatch.observer/filing/0001193125-25-316249.txt

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