Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2015agm notice● Neutral
Contango ORE reported results of its December 16, 2015 annual meeting, where three directors were elected, Hein & Associates was ratified as auditor and the executive-pay advisory vote passed. It also released assays for the remaining 13 Phase II holes at Peak Gold.
Contango ORE filed an amended 10-Q for the quarter ended September 30, 2015 to fix the reversed Au gpt and Au opt columns in its Phase II drilling table. The quarterly net loss was $450 thousand.
Contango ORE reported a net loss of $0.5 million ($0.12 per share) for the quarter ended September 30, 2015, versus $1.0 million a year earlier, and said Phase II field work at Peak Gold was complete.
Contango ORE reported a net loss of about $450 thousand ($0.12 per share) for the quarter ended September 30, 2015, down from a $1.04 million loss a year earlier.
Contango Silver & Gold Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Contango ORE restated its unaudited quarterly financials to switch to equity-method accounting for its new Peak Gold joint venture with Royal Gold, after determining Royal Gold effectively controlled the venture -- a material weakness in internal controls over complex transactions.
I.R.S. IDENTIFICATION OF ABOVE PERSON John B. Juneau reported a Contango Silver & Gold Inc. shareholding of 401,466 shares (9.80% of votes) in a periodic institutional filing.
Raging Capital Master Fund, Ltd, Raging Capital Management, LLC, William C. Martin reported a Contango Silver & Gold Inc. shareholding of 155,382 shares (4.10% of votes) in a periodic institutional filing.
Contango ORE reported a net loss of $661,250 for the quarter ended December 31, 2014, and $1.70 million for the six months. Cash fell to $2.1 million from $3.4 million at June 30, 2014.
At the January 8, 2015 annual meeting, stockholders approved the Royal Gold joint venture transaction (2,869,328 votes for, 544 against), elected three directors and ratified BDO as auditor. The advisory executive pay vote also received majority support.
Contango ORE and Royal Gold closed the deal announced in September, forming Peak Gold LLC to hold the Tetlin properties: Contango contributed the assets for 100% of the JV, and Royal Gold can earn up to 40% by investing up to $30 million in exploration through October 2018.
UHY LLP resigned as auditor after its Texas practice was acquired by BDO USA, and the audit committee appointed BDO on December 1, 2014. There were no disagreements with UHY and its reports carried no adverse opinions.
Contango ORE sent stockholders notice of its January 8, 2015 annual meeting, where they were asked to approve the Peak Gold joint venture with Royal Gold covering the Tetlin project, elect directors, ratify BDO as auditor and vote on executive pay.
I.R.S. IDENTIFICATION OF ABOVE PERSON John B. Juneau reported a Contango Silver & Gold Inc. shareholding of 356,466 shares (8.90% of votes) in a periodic institutional filing.
Contango Silver & Gold Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Contango ORE reported a net loss of $1.04 million ($0.27 per share) for the three months ended September 30, 2014, versus $6.2 million a year earlier, with cash of $2.7 million.