Contango raises $50m to advance Lucky Shot and Johnson Tract projects
US-focused Contango ORE has closed a $50-million public offering to fund work at its Lucky Shot and Johnson Tract projects in Alaska.
The offering comprised 1.98-million common shares priced at $20 each and a pre-funded warrant to purchase 525 000 shares at $19.99 each.
Proceeds will be used to advance Lucky Shot to a mine production decision within two years through underground and surface drilling and development. Funds will also support road construction, camp winterisation, an exploration tunnel, advanced drilling and feasibility-level mine planning at Johnson Tract, subject to permitting. Any remaining proceeds will go towards corporate purposes and working capital.
Canaccord Genuity acted as sole bookrunner, with Cormark Securities as lead manager and Maxim Group, Roth Capital Partners and Freedom Capital Markets as co-managers.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation