Contango ore closes on $20,000,000 unsecured 8% convertible debenture

Houston--(business wire)--contango ore, inc. (“contango,” "core" or the “company”) (nyse american: ctgo) announced today that it closed on $20,000,000 unsecured convertible debenture to queen's road capital investment, ltd. ("qrc"). the debenture was purchased at par. the closing and issuance of the debenture occurred on april 26, 2022. the company will use the proceeds from the sale of the debenture to fund commitments to its peak gold, llc (manh choh) joint venture, the exploration and develo
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