Contango Plans to Spin Off Minerals Exploration Subsidiary

Contango Oil & Gas Company has announced plans to spin off shares of its wholly-owned subsidiary, Contango ORE (CORE) to shareholders in December. CORE was set up to explore for gold and rare earth minerals and currently controls 750,000 acres in Alaska. The purpose of the spin off is to separate a speculative venture from Contango’s established oil and natural gas business. Read this article for more details.

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