Contango ore closes its secured credit facility with ing and macquarie to fund the construction of the manh choh gold project

Houston, texas--(business wire)--contango ore, inc. (“core,” “contango” or the “company”) (nyse american: ctgo) is pleased to announce that it and its subsidiaries have entered into a credit and guaranty agreement with ing capital llc (“ing”) and macquarie bank limited (“macquarie”) for a senior secured loan facility of up to us$70 million, of which $65 million is committed and subject to certain conditions, to fund its portion of the pre-production construction and working capital/operating ex.
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