Business
Contango ORE Announces Filing of Form S-3 Shelf Registration Statement
HOUSTON / Oct 27, 2021 / Business Wire / Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced that it has filed a shelf registration statement o
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"HOUSTON / Oct 27, 2021 / Business Wire / Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (the \"SEC\"). When declared effective by the SEC, the shelf registration statement will allow the Company to raise capital from time to time, up to an aggregate of $100 million, through the sale of common and preferred stock, warrants and other securities. The Form S-3 also provides for the resale of up to 415,000 shares of common stock by a stockholder of the Company. The Company would not receive any proceeds from the sale of the shares by the selling stockholder. The specifics of any future offering, along with the prices and terms of any such securities and the use of proceeds of a particular offering, will be determined at the time of any such offering and will be described in a prospectus supplement filed in connection with such offering. Once declared effective by the SEC, the shelf registration statement will be in effect for three years, or such shorter period that the securities registered under the shelf registration statement have been issued or sold. Rick Van Nieuwenhuyse, President and CEO of the Company said, \"We believe this shelf registration statement is a prudent proactive move to support our future growth objectives as the filing will provide us increased financial flexibility and more efficient access to the capital markets.\" The registration statement on Form S-3 has been filed with the SEC but has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities, nor, shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities under the securities laws of that state or jurisdiction. Any offer of securities covered by the registration statement will be made solely by means of a prospectus included in the registration statement and a prospectus supplement with respect to such offering. ABOUT CORE CORE is a company that engages in the exploration in Alaska for gold and associ...