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Subsequent Events
3 Months Ended
Sep. 30, 2016
Subsequent Event [Line Items]  
Subsequent Events [Text Block]
Subsequent Events

In September 2016, the Company distributed a Private Placement Memorandum to its warrant holders to give them the opportunity to exercise their warrants at a reduced exercise price and receive shares of common stock, par value $0.01 per share of Contango ORE, Inc. by paying the reduced exercise price in cash and surrendering the original warrants.  The offering applies to warrant holders with an exercise price of $10.00 per share originally issued in March 2013. The offering gives the warrant holders the opportunity to exercise the warrants for $9.00 per share. The offer will expire on November 15, 2016. As of November 10, 2016 a total of 241,667 warrants have been exercised resulting in total cash to the Company of $2.2 million. Of the total warrants exercised, 83,334 were exercised by entities controlled by Mr. Brad Juneau, the Company's Chairman, President and Chief Executive Officer. Proceeds from the exercise of the warrants will be used for working capital purposes and for funding future obligations to the Joint Venture Company.