Entries by Magiweb

TANGO CREATES SOUTH AFRICAN MINING EQUIPMENT COMPANY IN COOPERATION WITH GZA GROUP AND ACQUIRES OENA ROYALTY

VANCOUVER, BRITISH COLUMBIA — 21 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, in partnership with the GZA Group, it has formed a South African subsidiary, TML Equipment Solutions (Pty) Ltd (“TML”), that will own and lease processing equipment to be used for alluvial diamond recovery. The Company also confirms that it has acquired the outstanding 10% diamond royalty offtake on the Oena Diamond Mine (“Oena”), South Africa.

TANGO SETTLES OENA DIAMOND OFFTAKE RIGHT WITH DEBT SETTLEMENT

VANCOUVER, BRITISH COLUMBIA — 7 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, pursuant its news release dated 17 June 2015, it has reached a settlement with ATC Enterprises DMCC (“ATC”) to settle accrued interest, balance due on last tender and the outstanding amount owing for the Oena offtake right for debt totaling C$342,895 by the issuance of 6,857,900 common shares at a price of $0.05 per share. This settlement with ATC effectively terminates the diamond offtake right with ATC with regard to the Company’s Oena property, thereby eliminating the 10% fee that was payable on the first 2,000 carats of diamond sales.

TANGO MINING DIAMOND SALES FROM OENA DIAMOND MINE, SOUTH AFRICA

VANCOUVER, BRITISH COLUMBIA — 5 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 20 May 2017 to 20 June 2017, a total of 61.4 carats (28 diamonds) were produced. A total of 53.4 carats were placed on tender with Flawless Diamond Trading House, Johannesburg and sold with an average price of US$1,490 per carat. The balance was sold to the state diamond trader. Diamond production from Oena, since acquisition, now totals 1365 carats that have been sold at an average price of US$1,188 per carat.

TANGO MINING ANNOUNCES APPOINTMENT OF CHIEF EXECUTIVE OFFICER

VANCOUVER, BRITISH COLUMBIA — 4 July 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that Samer Khalaf, who was appointed as non-executive director on 3 April 2017, has accepted the position of Chief Executive Officer of the Company. Samer has over 25 years of investment banking experience in the Middle East, Africa and Europe and has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. His most recent position was as Director for Africa & Middle East at GPB Global Resources. Samer holds an economics degree from Syracuse University and an MBA in finance from Columbia Business School. He has also completed the executive program for energy at Harvard Business School.

DIAMOND SALES FROM OENA DIAMOND MINE, SOUTH AFRICA

VANCOUVER, BRITISH COLUMBIA — 5 June 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond production and sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 18 April 2017 to 19 May 2017, a total of 465 carats were produced (311 stones and an average size of 1.498 carat per stone). A total of 527 carats were placed on tender in Johannesburg or sold in Dubai and sold with an average price of US$812 per carat. Diamond production from Oena, since acquisition, now totals 1331 carats and have been sold at an average price of US$1,100 per carat.

DIAMOND SALES FROM OENA DIAMOND MINE, SOUTH AFRICA

VANCOUVER, BRITISH COLUMBIA — 28 April 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the period 21 March to 17 April 2017, a total of 312 carats (199 diamonds) were produced. A total of 250 carats were placed on tender in Johannesburg and sold with an average price of US$1,155 per carat. It is planned for 62 carats to be exported to Dubai to be sold by ATC Enterprises DMCC (“ATC”) (news release of 19 May 2015). Diamond production from Oena, since acquisition, now totals 876 carats and 804 carats have been sold at an average price of US$1,290 per carat.

TANGO CLOSES AGREEMENT WITH GEORGES ZARD, FOUNDER OF THE GZA GROUP

VANCOUVER, BRITISH COLUMBIA — 18 April 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that further to its news release dated March 23, 2017 the Company has now closed its agreement with Mr. Georges Zard (“GZ”), the owner of the international conglomerate The GZA Group, whereby GZ acquired from the Company an 8% interest in African Star Minerals (Pty) Ltd (“ASM”). ASM owns 100% of the Oena Diamond Mine which consists of 8,800 hectares Converted Mining Right (“CMR”) located on the lower Orange River, Northern Cape Province, South Africa.

DIAMOND SALES FROM OENA DIAMOND MINE, SOUTH AFRICA

VANCOUVER, BRITISH COLUMBIA — 5 April 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales results and the ongoing mining work programme at the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the one month period ending 20 March 2017, a total of 307.94 carats (183 diamonds) were produced and sold with an average price of US$875 per carat. Diamond production from Oena, since acquisition, now totals 564.06 carats which have been sold at an average price of US$1,330 per carat.

Tango Closes Private Placement With Strategic Investor

VANCOUVER, BRITISH COLUMBIA — 4 April 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce it has now received TSX.V approval of a private placement for $225,000, consisting of 4,500,000 units at a price of $0.05 per share. Each unit consists of one common share and one share purchase warrant entitling the holder thereof to purchase one additional common share at a price of $0.07 per share for a term of one year from the date of issuance. The shares forming part of the units and any shares issuable upon conversion of the warrants are subject to a four month hold period expiring on 5 August 2017.