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Contango ORE Announces Results of the 2021 Virtual Annual Meeting of Stockholders and Results for the Quarter Ended September 30, 2021
HOUSTON / Nov 12, 2021 / Business Wire / Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that the Company held its annual meeting of
About this update from Contango Silver & Gold Inc.
[{"type":"text","content":"HOUSTON / Nov 12, 2021 / Business Wire / Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that the Company held its annual meeting of stockholders on November 11, 2021 and the following directors were elected to serve until the 2022 annual meeting of stockholders: Brad Juneau Rick Van Nieuwenhuyse Joseph S. Compofelice Joseph G. Greenberg Richard A. Shortz The following proposals were also approved by the stockholders: 1. The ratification of the appointment of Moss Adams LLP as the independent auditors of the Company for the fiscal year ending June 30, 2022; 2. The approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers; 3. The approval, on a non-binding advisory basis, of an annual advisory vote on the compensation of the Company’s named executive officers; and 4. The grant of discretionary authority to the Chairman of the Annual Meeting to adjourn the Annual Meeting, if necessary to solicit additional proxies. Additionally, the Company’s Board of Directors re-appointed the following officers of the Company: Brad Juneau Chairman of the Board Rick Van Nieuwenhuyse President and Chief Executive Officer Leah Gaines Vice President, Chief Financial Officer, Chief Accounting Officer, Treasurer and Secretary The Company also announced that it filed its Form 10-Q for the quarter ended September 30, 2021 with the Securities and Exchange Commission on November 12, 2021. The Company reported a net loss of $4.6 million or $0.68 per basic and diluted share for the three months ended September 30, 2021, compared to a net income of $33.4 million or $5.09 per basic and diluted share for the same period last year. The decrease is due to the gain on sale of a portion of the Company’s equity investment in Peak Gold, LLC (the “Joint Venture Company”) to an affiliate of Kinross Gold Corporation (“Kinross”) on September 30, 2020 and recorded in the prior year. Rick Van Nieuwenhuyse, the Company’s President and CEO commented, “2021 has been an exciting calendar year for CORE. We have accomplished a lot. At our 30% owned Manh Choh property, we are wrapping up an extensive $19 million program to support a feasibility study expected in 2022, as well as, preparing the project permit application for...