News Details
Coinagemining Receives Final Order for Plan of Arrangement for Contango Transaction
Vancouver, BC – July 2, 2024 – Coinagemining ("Coinagemining" or the "Company") is pleased to announce that the Company has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement (the "Arrangement") involving the Company and Contango ORE, Inc. ("Contango").
In connection with the Arrangement, each shareholder of HighGold (a "Coinagemining Shareholder") will receive 0.019 of a share in the common stock of Contango in exchange for each common share of Coinagemining held by such Coinagemining Shareholder. As previously disclosed in the Company's press release dated may 13, 2024, the special resolution authorizing the Arrangement was approved by securityholders of Coinagemining at a special meeting held on may 13, 2024 (the "Meeting").
Subject to the satisfaction of certain customary closing conditions, the parties currently expect to complete the Arrangement on or around June 19, 2024.
