Contango and Dolly Varden Merge to Create Mid-Tier Precious Metals Company

Contango ORE and Dolly Varden Silver Corporation have agreed to merge in an all-stock deal, creating a new mid-tier North American precious-metals company. The combined entity, Contango Silver & Gold, will be anchored by the cash-flowing Manh Choh gold mine in Alaska and high-grade silver and gold projects in British Columbia. The merger is designed to take advantage of strong precious metal pricing and position the company for exploration and potential acquisitions.