TIDMCGO

RNS Number : 0417C

Contango Holdings PLC

17 February 2022

Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

17 February 2022

Contango Holdings Plc

('Contango' or the 'Company')

Statement re Share Price

Contango Holdings Plc, the London listed natural resource development company developing the Lubu Coking Coal Project in Zimbabwe and the Garalo-Ntiela Gold Project in Mali, has noted today's share price movement and speculation of an imminent capital raise. The Company would like to advise shareholders that it is not contemplating a capital raise and remains fully funded to bring the Lubu Coking Coal Project into production by the end of the current quarter, following the previously announced GBP2.5 million placing in November 2021 (see RNS dated 18 November 2021 for further information).

**ENDS**

For further information, please visit www.contango-holdings-plc.co.uk or contact:

 
 Contango Holdings plc                E: contango@stbridespartners.co.uk 
  Chief Executive Officer 
  Carl Esprey 
 
 Tavira Securities Limited            T: +44 (0)20 7100 5100 
  Financial Adviser & Broker 
  Jonathan Evans 
 
 St Brides Partners Ltd               T: +44 (0)20 7236 1177 
  Financial PR & Investor Relations 
  Susie Geliher / Charlotte Page

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END

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(END) Dow Jones Newswires

February 17, 2022 08:30 ET (13:30 GMT)

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