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:
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