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Contango Concludes Share Subscription Offer with Existing Shareholder, Strategic Investor

MT Newswires·08/28/2026 04:37:20
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04:37 AM EDT, 08/28/2026 (MT Newswires) -- Contango Holdings (CGO.L) concluded a share subscription offer with its existing shareholder Huo Investments, and a new investor Pacific Goal Investments. The UK-based natural resource development company received 5 million pounds sterling by issuing 450,450,451 new shares at 0.0111 pound apiece, according to a Friday release. Contango will use the proceeds to pay outstanding loans and for general working capital purposes.