Contango Ore Filed Prospectus Supplement For Offering Of Up To $40M Of Common Stock From Time To Time
Portfolio Pulse from Charles Gross
Contango Ore has filed a prospectus supplement for an offering of up to $40 million of common stock to be issued from time to time.
June 08, 2023 | 9:41 pm
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NEUTRAL IMPACT
Contango Ore's stock price may be impacted by the prospectus supplement filing for an offering of up to $40 million of common stock.
The filing of a prospectus supplement for an offering of up to $40 million of common stock by Contango Ore may impact the stock price in the short term. The offering could dilute existing shares, but it could also provide the company with additional capital for growth and expansion. The overall impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100