Contango Silver & Gold Inc. - 8-K Filing
Contango Silver & Gold Inc.'s subsidiary acquired 100% ownership of its Lucky Shot project for $16,074,000. The purchase included a cash deposit and payments totaling $5,009,250 upfront with the remaining balance to be paid via a $10 million promissory note due by May 2030. Additionally, Alaska Hardrock Inc. assigned its lease rights including a terminated net smelter returns royalty. (Items: 1.01 Entry into a Material Definitive Agreement, 1.02 Termination of a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 7.01 Regulation FD Disclosure)
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