CONTANGO ORE, INC (OTCMKTS:CTGO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. DEPARTURE OF CERTAIN DIRECTORS OR OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
As further described below in Item 5.07, on November 13, 2019, at the 2019 Annual Meeting of Stockholders (the “Annual Meeting”) of Contango ORE, Inc., a Delaware corporation (the “Company”), the stockholders of the Company approved and adopted the First Amendment (the “Amendment”) to the Contango ORE, Inc. Amended and Restated 2010 Equity Compensation Plan (as amended, the “Equity Plan”) which increases the number of shares of common stock that the Company may issue under the Equity Plan by 500,000 shares.
For more information about the Equity Plan, please read the Company’s definitive proxy statement, which was filed with the Securities and Exchange Commission on October 1, 2019.
A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. The description of the Amendment in this Current Report on Form 8-K is a summary and is qualified in its entirety by reference to the complete text of the Amendment.
Item 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On Wednesday, November 13, 2019, the Company held its Annual Meeting. The Company’s stockholders were asked to consider and vote upon the following proposals:
As of September 23, 2019, the record date for the Annual Meeting, the Company had outstanding 6,357,113 shares of common stock.
Summarized below are final results of the matters voted on at the Annual Meeting:
The Company issued a press release on November 19, 2019 relating to the completion of the 2019 exploration program by Peak Gold, LLC, a joint venture of which the Company holds 60%, the Company’s quarterly results for the quarter ended September 30, 2019, and results of the Annual Meeting. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Cautionary Note Regarding Forward-Looking Statements
Many of the statements included or incorporated in this Current Report on Form 8-K and the furnished exhibit constitute “forward-looking statements.” In particular, they include statements relating to future actions, strategies, future operating and financial performance, and the Company’s future financial results. These forward-looking statements are based on current expectations and projections about future events. Readers are cautioned that forward-looking statements are not guarantees of future operating and financial performance or results and involve substantial risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of the Company may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, factors described from time to time in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein).
Contango ORE, Inc. Exhibit
EX-10.1 2 a52132466ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 FIRST AMENDMENT TO THE CONTANGO ORE,…
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About CONTANGO ORE, INC (OTCMKTS:CTGO)
Contango ORE, Inc. is engaged in the participation in a joint venture to explore in the State of Alaska for gold ore and associated minerals. The Company’s primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council (Tetlin Tribal Council) for the exploration of minerals near Tok, Alaska on over an estimated 675,000 acres (the Tetlin Lease). It has formed a joint venture, Peak Gold, LLC (the Joint Venture Company), to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska, over 300 kilometers southeast of the city of Fairbanks and approximately 20 kilometers southeast of Tok, Alaska. As of June 30, 2016, the Tetlin Lease and unpatented mining claims held by the Joint Venture Company included Tetlin-Tok, Eagle, Bush, West Fork, Triple Z and Tetlin-Village.
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