Contango | Jotup

Orthogonal Global Group supports tokenization of telecommunications minutes markets though purchase of MNT tokens, and announces the closing of a $5 Million fund by portfolio company, Contango Digital Assets, for AI x blockchain

Retrieved on:

Monday, May 6, 2024

Network Token, Quantstamp, Crypto, Sale, CFO, Partnership, Polychain Capital, AI, Contango, Blockchain, Growth, Orthogonality, Intelligence, Digital Currency Group, OTC Markets Group, Telecommunications, MNT, Partner, Cryptocurrency

The Company purchased 11,160 MNT, a token project of Minutes Network supporting the sharing economy of the telecommunications minutes market.

Key Points:

The Company purchased 11,160 MNT, a token project of Minutes Network supporting the sharing economy of the telecommunications minutes market.
MNT uses blockchain technologies to decentralize the global scale, multibillion dollar, telecommunications commodity minutes market.
MNT tokenizes bandwidth and distributes value to Minutes Network participants with the aim to deliver the lowest-cost termination charges in the market.
Orthogonal portfolio company, Contango, recently closed $5 Million of a $10 Million fund focused on the intersection of AI and blockchain.

Contango Provides Update on Manh Choh

Retrieved on:

Wednesday, May 8, 2024

Natural Resources, Other Natural Resources, Mining, Minerals, First Gold, Contango, Transport, Water, Gold, Kinross Gold

Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that its 30% owned Manh Choh project, operated by a subsidiary of Kinross Gold Corporation (“Kinross”), is on track for first production in early Q3 2024.

Key Points:

Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that its 30% owned Manh Choh project, operated by a subsidiary of Kinross Gold Corporation (“Kinross”), is on track for first production in early Q3 2024.
Rick Van Nieuwenhuyse, the Company’s President and CEO commented, “We are very pleased with the progress made by Kinross at Manh Choh as the gold market tests new highs.
First gold production from Manh Choh ores will be a huge milestone for Contango and the project.
Our Manh Choh and Lucky Shot projects meet these criteria as does our recently announced proposed transaction with HighGold and their Johnson Tract project, which is also located in Alaska.

Contango Reaches $5M Close on $10M Blockchain x AI Seed Fund

Retrieved on:

Tuesday, April 16, 2024

Quantstamp, Digital asset, Artificial general intelligence, CFO, Partner, Polychain Capital, AI, Contango, Breeding, Blockchain, Akasha, Intelligence, Angel, DAO, LP record, Digital Currency Group, Growth, Cryptocurrency

Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.

Key Points:

Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.
Investors in the Contango Blockchain x AI Fund include the CEO of Quantstamp, the CFO at SingularityNet, the CEO at WonderFi, a GP from X Ventures, early LPs in Digital Currency Group and Polychain Capital, and investors from VANTA DAO.
The Contango Blockchain x AI Fund directly benefits from the "Wisdom of the Crowd" produced by the DAO, enhancing its ability to identify and capitalize on promising opportunities.
With a strong team, strategic vision, and robust network of partners and investors, the Contango Blockchain x AI Fund is well-positioned to drive innovation and foster growth at the dynamic intersection of blockchain and artificial intelligence.

Contango Announces Acquisition of HighGold

Retrieved on:

Thursday, May 2, 2024

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.

Key Points:

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.
Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company3.
In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors.
Participants may join the webcast using the following call-in details: Contango ORE Announces Acquisition of HighGold (6ix.com)
Creation of a leading Alaskan gold company with a low-risk and properly sequenced portfolio – Manh Choh is Alaska’s next gold mine with first gold pour expected in the second half of 2024.

Blockmate Investee Hivello Successfully Raises USD $2.5M

Retrieved on:

Wednesday, January 31, 2024

Internet, Web3, Contango, Digital asset, USD, CAD, Computer, Blockchain, SAFE, NGC, IDG, Cryptocurrency

TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), an innovative investment firm in the blockchain technology space, proudly announces that its investee, Hivello Holdings, has secured a further USD $1.5 million after receiving strong interest from investors following the announcement of a USD $1 million raise in December 2023.

Key Points:

TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), an innovative investment firm in the blockchain technology space, proudly announces that its investee, Hivello Holdings, has secured a further USD $1.5 million after receiving strong interest from investors following the announcement of a USD $1 million raise in December 2023.
Due to the overwhelming interest, of the additional USD $1.5 million, USD $1 million was raised at a pre-money valuation of $9 million - an 80% premium to the round which just closed in December 2023.
Consequently once converted, the post-money implied valuation of Blockmate’s 67% stake is USD $6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share1.
Justin Rosenberg, CEO of Blockmate Ventures, commented, “We are thrilled to see strong interest from new funds joining us at the table.

Glancy Prongay & Murray LLP Announces Investigation of Contango ORE, Inc.

Retrieved on:

Friday, February 2, 2024

Class Action Lawsuit, Professional Services, Legal, GPM, Contango, Suite, Helmsley Building, OTCQB

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Contango ORE, Inc. (OTCQB: CTGO) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points:

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Contango ORE, Inc. (OTCQB: CTGO) concerning the Company and its directors’ and officers’ possible violations of state laws.
If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240202199681/en/

Eesee Raises $2.85 Million to Bring Gamified Experiences to Sellers Across the Crypto Market

Retrieved on:

Wednesday, January 10, 2024

Professional Services, Technology, Cryptocurrency, Finance, Fintech, Digital Cash Management, Digital Assets, Polygon, Partnership, NFT, Contango, Digital asset, Elis James, Logic, Chain-link fencing

eesee , an innovative one-stop liquidity solution and gamified marketplace for sellers, has announced the successful closing of its $2.85 million fundraise.

Key Points:

eesee , an innovative one-stop liquidity solution and gamified marketplace for sellers, has announced the successful closing of its $2.85 million fundraise.
The raise included a $1.1 million seed round and a $1.75 million private round, with participation by SevenX Ventures, Maven Capital, MetaBros, Contango Digital Assets, BasementDAO, and more.
Currently, no gamified digital asset marketplaces allow sellers to sell digital assets creatively while eliminating most of the buy-side friction currently seen in the industry.
With eesee, sellers can create a customized gamified drop, such as a decentralized onchain raffle, to effectively sell an asset above the current floor price.

Contango ORE Announces Closing of $30.4 Million Underwritten Public Offering of Common Stock

Retrieved on:

Wednesday, July 26, 2023

Mining, Minerals, Natural Resources, Attention, Telephone, Park Avenue, Wall Street, Peak gold, Enterprise file synchronization and sharing, Sale, Prospectus, The Lucky Shot, Contango, Offering, Form, NYSE, Security (finance)

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.

Key Points:

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.
Gross proceeds from the Offering were $30.4 million before deducting underwriting discounts, commissions, and Offering expenses.
In addition, Contango has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares of common stock.
The final terms of the Offering are disclosed in a final prospectus supplement which has been filed with the SEC.

Contango ORE Announces Pricing of $30.4 Million Underwritten Public Offering of Common Stock

Retrieved on:

Monday, July 24, 2023

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.

Key Points:

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 1,600,000 shares of its common stock at a public offering price of $19.00 per share.
Gross proceeds from the Offering are expected to be $30.4 million before deducting underwriting discounts, commissions, and estimated Offering expenses.
In addition, Contango has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares of common stock.
The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC.

Contango ORE Announces Underwritten Public Offering of Common Stock

Retrieved on:

Friday, July 21, 2023

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced it has commenced an underwritten public offering (the “Offering”) of shares of its common stock.

Key Points:

Contango ORE, Inc. (“Contango,” “CORE” or the “Company”) (NYSE American: CTGO), today announced it has commenced an underwritten public offering (the “Offering”) of shares of its common stock.
All of the shares of common stock in the Offering are to be sold by Contango.
In addition, Contango intends to grant the underwriters in the Offering, a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the Offering.
The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.