Contango ORE, Inc. recently completed a transaction that repositions the company as a well-capitalized US gold developer with a clear path to producing on average 65,000 GEO/year at AISC (All-In Sustaining Costs) of $750/GEO (Gold Equivalent Ounces). The company is well structured with a low share count and has sufficient cash on hand to meet its obligations to fund our share of projected expenditures at Peak Gold through to a production decision without significant dilution.