04:40 PM EDT, 06/10/2024 (MT Newswires) -- Contango Ore's ( CTGO ) shares fell 20% in after-hours activity Monday after the company announced a public share offering with accompanying warrants.

The company said Monday in a statement it's selling all of the securities in the offering. The number of shares wasn't disclosed.

Net proceeds may be for exploration of the Johnson Tract, part of the HighGold acquisition that Contango Ore ( CTGO ) anticipates closing by July, and the Lucky Shot project, among other things.

The stock rose 4.8% in the regular session Monday.

Price: 19.90, Change: -5.02, Percent Change: -20.14