Business
CONTANGO ORE ANNOUNCES $50 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND PRE-FUNDED WARRANTS
Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), is pleased to announce that it has priced its underwritten public offering (the "Offering") of common shares (the "Shares") of the Company consisting of 1,975,000 shares of its common stock at a public offering price of $20.00 per share to two institutional investors. In the Offering, Contango also offered a pre-funded warrant to purchase 525,000 shares of its common stock at a purchase price of $19.99 per share, which equal
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"FAIRBANKS, Alaska, Sept. 25, 2025 /CNW/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO), is pleased to announce that it has priced its underwritten public offering (the "Offering") of common shares (the "Shares") of the Company consisting of 1,975,000 shares of its common stock at a public offering price of $20.00 per share to two institutional investors. In the Offering, Contango also offered a pre-funded warrant to purchase 525,000 shares of its common stock at a purchase price of $19.99 per share, which equals the public offering price per share of the common stock less the $0.01 exercise price per share of each pre-funded warrant. Aggregate gross proceeds from the Offering will be approximately $50 million, before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of the pre-funded warrant. All the Shares and pre-funded warrants in the Offering are to be sold by Contango. The closing of the Offering is expected to occur on or about September 26, 2025, subject to the satisfaction of customary closing conditions.","length":1149,"tagName":"p"},{"type":"image","alt":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","displaySize":"","headline":null,"caption":"Contango ORE, Inc. Logo (CNW Group/Contango Ore)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/c2dbf7edc437329806e9bfe88223c217"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4P7UZJHKnwJm.uC9KZcjYQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c2dbf7edc437329806e9bfe88223c217","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2781894/Contango_Ore_CONTANGO_ORE_ANNOUNCES__50_MILLION_UNDERWRITTEN_PUB.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering to fund advancement of its fully permitted Lucky Shot project to a mine production decision over the next two years by completing underground and surface-based drilling and underground development work. Proceeds will also be used to advance the Company's Johnson Tract project, subject to receipt of appropriate permits, by mobilizing all equipment necessary to complete r...