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Contango ORE (CTGO) Announces Pricing of $30.4 Million Underwritten Public Offering of Common Stock at $19/Share

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Contango ORE Announces Pricing of $30.4 Million Underwritten Public Offering of Common Stock

July 24, 2023 8:30 AM EDT

HOUSTON--(BUSINESS WIRE)-- Contango ORE, Inc. (Contango, CORE or the Company) (NYSE American: CTGO), today announced the pricing of its previously announced underwritten public offering (the Offering) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share. Gross proceeds from the Offering are expected to be $30.4 million before deducting underwriting discounts, commissions, and estimated Offering expenses. In addition, Contango has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares of common stock.

The Company intends to use the net proceeds from the Offering to fund its contribution... More