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)
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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