Contango Ore, Inc. ("Contango") has announced that two leading independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended that Contango stockholders vote "for" the proposed arrangement with Dolly Varden Silver Corporation at the upcoming special meeting of stockholders on March 17, 2026.
Under the arrangement, Contango will acquire all of the issued and outstanding common shares of Dolly Varden, with each Dolly Varden common share being exchanged for 0.1652 of a Contango common share. The benefits of the arrangement for Contango stockholders include a fairness opinion from Canaccord Genuity Corp., which stated that the exchange ratio was fair to Contango stockholders as of December 7, 2025.
Following the completion of the arrangement, Contango stockholders are anticipated to own 50% of the pro forma combined company. The executive team of the combined company is expected to include Rick Van Nieuwenhuyse as Chief Executive Officer, Shawn Khunkhun as President, and Michael Clark as Executive Vice President and Chief Financial Officer, with a seven-member board comprised of directors from both Contango and Dolly Varden. Additionally, the name of the combined company is expected to be Contango Silver & Gold Inc.
Contango's Board of Directors unanimously recommends that stockholders vote for each of the proposals to be considered at the special meeting. The proxy voting deadline for internet and telephone voting is 12:00 p.m. (Central Time) on Friday, March 13, 2026.
Contango is a NYSE American listed company engaged in the exploration for and development and production of gold and associated minerals in Alaska. The company holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, among other assets.
Today the company's shares have moved 0.75% to a price of $29.70. If you want to know more, read the company's complete 8-K report here.
