Contango Ore, Inc. completed its merger with Dolly Varden Silver Corporation on March 26, 2026, creating a combined entity renamed Contango Silver & Gold Inc. with a 50/50 ownership split between former shareholders of both companies.
Key takeaways
The merger was completed on March 26, 2026, with Dolly Varden becoming a wholly-owned subsidiary of Contango's acquisition vehicle.
Dolly Varden shareholders received 0.1652 Contango shares per Dolly Varden share, resulting in Contango issuing 13,686,278 shares and 1,597,301 exchangeable shares.
Post-merger, there are 32,104,900 outstanding Contango shares, with former Dolly Varden and Contango shareholders each owning approximately 50% of the economic and voting interest.
The company changed its name from 'Contango ORE, Inc.' to 'Contango Silver & Gold Inc.' effective March 26, 2026, and began trading under the new name on NYSE American.
Directors Richard A. Shortz and Darwin Green resigned, while Shawn Khunkhun was appointed President and three new directors were added to the board.