Each one in plain English, with the numbers worked through for a shareholder.
2 Oct 2014farm in farm out agreement▲ GoodMajor
Contango ORE agreed to bring in Royal Gold to fund exploration of its Tetlin gold properties in Alaska through a new joint venture: Royal Gold will invest an initial $5 million and can earn up to a 40% stake by funding up to $30 million by October 2018.
Contango ORE reported a net loss of $9.2 million ($2.43 per share) for the year ended June 30, 2014, compared with a loss of $10.0 million the prior year.
Contango ORE reported a net loss of $0.7 million for the three months ended March 31, 2014, and announced favorable preliminary metallurgical results from the Peak zone at Tetlin, Alaska.
Raging Capital Master Fund, Ltd, Raging Capital Management, LLC, William C. Martin reported a Contango Silver & Gold Inc. shareholding of 355,550 shares (9.50% of votes) in a periodic institutional filing.
Contango ORE announced a net loss of $1.6 million ($0.43 per share) for the quarter ended December 31, 2013, and said it had engaged Petrie Partners in January 2014 as financial advisor while exploring strategic alternatives.
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).
The company reported a $6.2 million net loss ($1.65 per share) for the quarter ended September 30, 2013, versus $4.2 million a year earlier. It also announced it completed 14,349 meters of drilling in 69 holes in 2013 and expected a third-party Peak Zone resource estimate in December 2013.
The company reported a net loss of $6.2 million ($1.65 per share) for the quarter ended September 30, 2013, up from $4.2 million a year earlier. Cash fell to $9.3 million from $13.0 million at June 30.
The company issued its proxy statement for the annual meeting on December 3, 2013. Stockholders were asked to elect directors, ratify UHY LLP as auditor, and hold advisory votes on executive pay and its frequency.
The Estate of Kenneth R. Peak and its co-executors, Joseph Romano and Donna Peak, filed a Schedule 13D after Peak's death on April 19, 2013. The Estate holds 739,780 shares, about 20.3% of the company, and Romano is deemed to hold about 20.6%.
Chairman Kenneth R. Peak reported beneficial ownership of 796,447 shares (about 20.3%) after buying 83,333 units at $12.00 each in the March 22, 2013 private placement; each unit included a share and a $10.00 warrant.
25 Mar 2013capital raising announcement▲ GoodMajor
Contango raised about $14.8 million selling stock-and-warrant units to fund its 2013 Alaska exploration program, and separately raised its poison-pill trigger threshold from 15% to 20% ownership.
Reported a net loss of about $1.16 million for the three months ended December 31, 2012, and $5.4 million for the six months, with cash falling to $1.5 million.
Raging Capital Master Fund, Ltd, Raging Capital Management, LLC, William C. Martin reported a Contango Silver & Gold Inc. shareholding of 148,050 shares (5.90% of votes) in a periodic institutional filing.