Contango Amends Repayment Schedule for Credit Facility, Announces Start of First Manh Choh Gold Campaign of 2025
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Contango ORE, Inc. has amended its credit facility to defer $10.6 million in principal repayments and delivery of 15,000 hedged gold ounces to the first half of 2027, extending the maturity date to June 30, 2027.
February 18, 2025 | 1:15 pm
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Contango ORE, Inc. has amended its credit facility, deferring $10.6M in repayments and extending the maturity date to June 2027. This move provides financial flexibility and may positively impact the company's operations and stock price.
The deferral of repayments and extension of the credit facility maturity date provides Contango with additional financial flexibility, which can be beneficial for its operations and potentially positive for its stock price. The news is directly related to Contango's financial strategy, making it highly relevant and important for investors.
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IMPORTANCE 80
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