Contango ORE Acquires HighGold Mining Inc.

June 28, 2024

Contango ORE, Inc. agreed to acquire all issued and outstanding shares of HighGold Mining Inc. by a court-approved plan of arrangement, with HighGold shareholders to receive 0.019 Contango shares per HighGold share (implying ~US$37 million equity value). The arrangement received overwhelming shareholder approval and is expected to close in July 2024, adding HighGold's high-grade Johnson Tract deposit to Contango's Alaska-focused portfolio to materially increase resources and support near-term production growth.

Buyers
Contango ORE, Inc.
Targets
HighGold Mining Inc.
Sellers
HighGold Securityholders (HighGold shareholders and optionholders)
Location
British Columbia, Canada
Transaction Type
Buyout

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