Contango Holdings shares rise 8% as £5m subscription completes

Mining Written by: Ian Lyall 10:00 Fri 28 Aug 2026 --> Edited by: Ian Lyall Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Contango Holdings ( LSE:CGO ) View Price & Profile Contango Holdings shares rise 8% as £5m subscription completes Published: 10:00 28 Aug 2026 BST Shares in Contango Holdings (LSE:CGO) , the London-listed natural resources company, climbed 8% to 0.68 pence in early trading on Friday. The move followed confirmation that the company had received £5 million from a share subscription by two strategic investors. Huo Investments and Pacific Goal Investments Limited subscribed for 450,450,451 new ordinary shares at 1.11 pence each, a premium of about 80% to Thursday's closing price. The two investors, treated as a concert party, will together hold 50.1% of Contango's enlarged share capital. Huo Investments already held 154,750,000 shares in the company, while Pacific Goal Investments had no prior stake. Proceeds will go towards settling outstanding loans and providing general working capital, as set out in a circular published in July. Chief executive Danny dos Santos said the funds would allow all outstanding liabilities to be cleared. He added that a shift to a royalty model had reduced running costs and that dividend payments could begin in 2027. Dos Santos also pointed to a minimum $2 million (about £1.6 million) dividend, referencing the equivalent of two million US dollars, expected before the end of the year. Continue reading