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Contango ORE (NYSE:CTGO) entered into a binding agreement to issue a $20M unsecured convertible debenture to Queen’s Road Capital Investment. The debenture will be purchased at par. The issuance of the debenture is expected to occur on or prior to April 29, 2022. Net proceeds from the sale of the debenture will be used to fund commitments to its Peak Gold, LLC joint venture, the exploration and development at its Lucky Shot properties and for general corporate purposes.