Contango ore, inc. announces private placement of common stock and year-end update

Houston--( business wire )--contango ore, inc. (“core” or the “company”) (nyse american: ctgo) announced today the issuance and sale of an aggregate of 283,500 shares for $20.00 per share (the “shares”) of the company's common stock, par value $0.01 per share (the “common stock”), and warrants (the “warrants”) entitling each purchaser to purchase shares of common stock for $25.00 per share (the “warrant shares” and together with the common stock and the warrants, the “securities”), in a private placement (the “private placement”) pursuant to subscription agreements, (the “subscription agreements”) dated as of december 23, 2022 between the company and certain accredited investors (the “purchasers”). the subscription agreements include customary representations, warranties, and covenants by the purchasers and the company.
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