On March 17, 2026, Contango ORE, Inc. (NYSE American: CTGO) held a special meeting of stockholders where they overwhelmingly approved three key proposals related to the company's merger with Dolly Varden Silver Corporation. The proposals included the issuance of Contango Shares to Dolly Varden shareholders, an increase in the number of authorized shares from 45 million to 250 million, and the approval of the 2026 Omnibus Incentive Plan. The Arrangement Agreement, initially announced on December 7, 2025, allows Contango to acquire all outstanding common shares of Dolly Varden at an exchange ratio of 0.1652 Contango Shares for each Dolly Varden Share. This merger is expected to enhance Contango's operational capabilities and market position in the mining sector. The final court approval for the Arrangement is scheduled for March 23, 2026, with closing expected shortly thereafter. The stockholders' approval reflects strong confidence in the strategic direction of the company and its leadership, positioning Contango for significant growth in the future.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.