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CM - Contango sells over $64MM in equity to buy White Star assets - November 2019
Contango Oil & Gas Co. raised nearly $22 million via a private placement of over 1.1 million Series B contingent convertible preferred shares at almost $19.95 each. The preferred will automatically convert into common stock on a 1:10 basis upon shareholder approval of an increase in the number of authorized common shares of common stock above the current 100 million. Chairman John C. Goff and affiliates participated in $7 million of the placement. In......
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