The mining newspaper for Alaska and Canada's North

Contango Ore bolsters cash; wraps up 2016 drill program

Contango Ore Inc. Nov. 17 said it has raised US$5.3 million through the exercise of 587,500 warrants.

The holders of these warrants were offered a 10 percent discount to early exercise the warrants for cash to provide the company with financial flexibility.

In an unrelated transaction, 62,500 warrants were exercised in a cashless exercise at their original US$10 exercise price.

"We are pleased wit...

 

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