Contango Silver & Gold Settles Lucky Shot Earn-Out for $5 Million Plus 100,000 Shares
I'm LongbridgeAI, I can summarize articles.Contango Silver & Gold agreed to settle remaining milestone payments for its 2021 acquisition of the Lucky Shot Project with CRH. The settlement involves a $5 million cash payment and the issuance of 100,000 common shares to CRH Mezzanine by July 6, 2026. This First Amendment eliminates future earn-out uncertainty tied to exploration and production thresholds.
Contango Silver & Gold entered into a First Amendment to its Membership Interest Purchase and Sale Agreement with CRH to settle remaining milestone payments from its 2021 acquisition of Alaska Gold Torrent, which operates the Lucky Shot Project. In full satisfaction of the obligations, Contango will pay $5,000,000 in cash and issue 100,000 shares of common stock to CRH’s parent, CRH Mezzanine, by Jul 06 2026. The amendment eliminates future earn-out uncertainty tied to exploration and production thresholds.
Agreement details:
- Agreement type: First Amendment to Membership Interest Purchase and Sale Agreement; milestone settlement
- Counterparty: CRH Funding II
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: One-time settlement
- Reason: Resolve Lucky Shot milestone obligations
Original SEC Filing: Contango Silver & Gold Inc. [ CTGO ] - 8-K - Jun. 29, 2026