Business Context and Reporting Period
This Form 8-K is a current report filed by Contango ORE, Inc. (also referenced as Contango Silver & Gold Inc.) on November 2, 2015. The filing addresses a change in the company's independent registered public accounting firm for the fiscal year ending June 30, 2016.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of an auditor.
Material Changes
- Accountant Change: The Audit Committee approved the engagement of Hein & Associates LLP ("Hein") as the new independent registered public accounting firm on October 15, 2015, effective for the fiscal year ending June 30, 2016.
- Termination of Prior Firm: BDO USA, LLP ("BDO") was informed on November 2, 2015, that the company had engaged a new firm.
- Historical Audit Status: Reports from BDO (fiscal year ended June 30, 2015) and UHY LLP (fiscal year ended June 30, 2014) contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or GAAP.
- No Disagreements: The company reported no disagreements with BDO or UHY regarding GAAP, financial statement disclosures, or auditing procedures during the two most recent fiscal years.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on business operations. It confirms that no reportable events or disagreements occurred with the former auditors. The company provided copies of this report to both BDO and UHY, and their response letters are filed as Exhibits 16.1 and 16.2.
Investor Verification Checklist
- Verify the engagement letter with Hein & Associates LLP for the fiscal year ending June 30, 2016.
- Review the letters from BDO USA, LLP and UHY LLP (Exhibits 16.1 and 16.2) to confirm their agreement with the company's statements regarding the lack of disagreements.
- Confirm the transition timeline for the audit of the fiscal year ending June 30, 2016.