SCHEDULE 13G/A: Douglas Scharbauer Discloses 5.7% Passive Stake in Contango Ore, Inc.
Beneficial Ownership Report
Douglas Scharbauer has filed an amended Schedule 13G, reporting a 5.7% beneficial ownership stake in Contango Ore, Inc., held for passive investment purposes.
Summary
- Douglas Scharbauer has filed an Amendment No. 1 to Schedule 13G regarding his beneficial ownership in Contango Ore, Inc.
- As of September 30, 2024, and reported as of November 14, 2024, Mr. Scharbauer beneficially owns 700,000 shares of Contango Ore, Inc.'s Common Stock.
- This ownership represents 5.7% of the Issuer's outstanding Common Stock.
- The percentage is calculated based on 12,228,479 shares of Common Stock outstanding as of November 14, 2024, as disclosed in the Issuer's Form 10-Q.
- Mr. Scharbauer holds sole voting power and sole dispositive power over all 700,000 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, indicating a passive investment.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook. It is a routine regulatory filing.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by an individual investor in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the ownership structure of Contango Ore, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual ownership stake, confirming a passive investment approach by Douglas Scharbauer.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date of event which requires filing of this statement (end of quarterly period). |
| 2024-11-14 | Date as of which the number of outstanding shares (12,228,479) was disclosed in the Issuer's Form 10-Q, and the date as of which beneficial ownership figures are reported for the quarterly amendment filing deadline. |
| 2025-02-13 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
Contango Ore Inc., Douglas Scharbauer, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Passive Investment, Shareholder Stake
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