$CTGO

Contango Silver & Gold Inc.

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Contango ORE (NYSE American: CTGO) holders approve Dolly Varden deal, big share increase

Contango ORE, Inc. stockholders overwhelmingly approved key proposals related to its acquisition of Dolly Varden Silver Corporation, including issuing shares to Dolly Varden shareholders and increasing the authorized common shares from 45 million to 250 million. The acquisition, which involves an exchange ratio of 0.1652 Contango shares for each Dolly Varden share, awaits final approval from the British Columbia Supreme Court on March 23, 2026. Shareholder turnout was robust, with approximately 66% of outstanding shares represented at the special meeting.

Contango ORE Announces Merger with Dolly Varden Silver

Contango ORE, Inc. and Dolly Varden Silver Corporation announced a merger to form Contango Silver & Gold Inc., a North American-focused silver and gold producer. The merger, effective December 7, 2025, aims to create a new entity with a balanced portfolio from exploration to production, leveraging the Manh Choh gold mine for funding future developments. The transaction is expected to close in Q1 2026, with both companies' shareholders holding equal stakes, enhancing market presence and shareholder value.

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