#USA #Contango ORE #Fairbanks #Proxy Advisory #Dolly Varden Silver

Proxy Advisory Firms Support Contango Ore Initiative

In a recent announcement, Contango ORE, Inc. (CTGO) has received significant backing from two prominent independent proxy advisory firms, including Institutional Shareholder Services (ISS). These firms have advocated for collective support from Contango’s shareholders regarding the impending merger with Dolly Varden Silver Corporation. The vote is scheduled for March 17, 2026, during an online special meeting.

Importance of the Special Meeting

The special meeting is pivotal for shareholders as it is focused on the proposed arrangement between Contango and Dolly Varden. The acquisition terms are structured to benefit existing Contango stockholders, who are expected to exchange each share of Dolly Varden for 0.1652 of a Contango share or an equivalent exchangeable share, depending on the holder’s election. Notably, no fractional shares will be issued, emphasizing the need for precise voting.

The deadline for proxy submissions is set for March 13, 2026, by noon Central Time, reinforcing the urgency for all shareholders to cast their votes ahead of this crucial moment.

ISS's Endorsement

Rick Van Nieuwenhuyse, the President and CEO of Contango, highlighted the significance of ISS's backing, noting that it underscores the operational and financial advantages of the merger. In his statement, he expressed confidence that the arrangement would lead to a more robust North American precious metals enterprise, enhancing exploration capabilities and market positioning. The merger's strategic value is further validated by a fairness opinion from Canaccord Genuity, affirming that the exchange ratio is financially sound for current shareholders.

Shareholder Benefits and Corporate Structure

Post-merger, Contango stakeholders are projected to retain about 50% ownership in the newly formed organization, which will operate under the name Contango Silver & Gold Inc. Following the merger, the new leadership team will comprise key executives from both companies, fostering stable governance and strategic direction. The alignment of operational management is designed to facilitate a seamless transition and continued growth in asset development.

A New Chapter for Contango

As Contango moves closer to this critical vote, ongoing communication with shareholders remains essential. The company has provided accessible resources to assist stockholders in the voting process, including guidance on reaching out to Laurel Hill Advisory Group for any questions regarding voting or the arrangement details.

This prospective merger marks a significant evolution for Contango, further extending its portfolio in Alaska, where it holds interests in several mineral projects. The stakes are high, with the proposed arrangement poised to not only enhance shareholder value but also to position Contango as a major player in the precious metals sector.

As the date approaches, stakeholders are encouraged to make their votes count. The outcome will not only shape the future of Contango Ore, Inc. but also set a precedent for collaborative efforts within the mining industry. The call for action is clear: vote for progress, vote for opportunity, and vote for a promising future.