Item 4.01.
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Changes in Registrant’s Certifying Accountant.
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(a) Effective November 16, 2017, Hein & Associates LLP (“Hein”), the independent registered public accounting firm for Contango ORE, Inc. and its subsidiary, Peak Gold, Inc. (together, the “Company”), combined with Moss Adams LLP (“Moss Adams”). As a result of this transaction, on November 16, 2017, Hein effectively resigned as the independent registered public accounting firm for the Company. Concurrent with such resignation, the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of the Contango ORE, Inc. approved the engagement of Moss Adams as the new independent registered public accounting firm for the Company.
The report from Hein on the Company’s consolidated financial statements for the fiscal years ended June 30, 2017 and June 30, 2016 do not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles generally accepted in the United States of America (“GAAP”).
During the Company’s two most recent fiscal years ended June 30, 2017 and June 30, 2016, and through the date hereof, there were (1) no disagreements with Hein on any matter of GAAP or practices, financial statement disclosures, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Hein, would have caused Hein to make reference to the subject matter of the disagreements in connection with its reports, and (2) no events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K.
The Company provided Hein with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (“SEC”) and requested that Hein furnish the Company with a letter addressed to the SEC stating whether or not Hein agree with the above statements. The letter from Hein is filed with this Current Report on Form 8-K as Exhibits 16.1.
(b) As set forth above, the Committee approved the engagement of Moss Adams as the Company’s new independent registered public accounting firm. On November 16, 2017, the Company formally engaged Moss Adams as its independent registered public accounting firm.
During the Company’s two most recent fiscal years ended June 30, 2017 and June 30, 2016, and during the subsequent interim period through November 16, 2017, neither the Company, nor anyone on its behalf, has consulted Moss Adams with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report was provided to the Company nor oral advice was provided to the Company that Moss Adams concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).