Contango ore announces agreement to issue $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 had entered into a binding agreement to issue a $20,000,000 unsecured convertible debenture to queen's road capital investment, ltd. ("qrc"). the debenture will be purchased at par. the closing and issuance of the debenture is expected to occur on or prior to april 29, 2022, subject to customary closing conditions. the company will use the proceeds from the sale of th
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