Entries by Magiweb

SHARES FOR DEBT SETTLEMENT

VANCOUVER, BRITISH COLUMBIA — 21 February 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, further to its news release issued on 20 February 2017, whereby it announced a settlement of debt in the amount of C$266,839 by the issuance of 5,336,790 common shares at a price of $0.05 per share, it has now reached a settlement with creditors for debt totaling an aggregate of C$207,198 by the issuance of 4,143,960 at a price of $0.05 per share. This shares for debt settlement is subject to the approval of the TSX Venture Exchange.

EXTENSION AND CONVERSION OF CONVERTIBLE DEBENTURES

VANCOUVER, BRITISH COLUMBIA — 20 February 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSX VENTURE:TGV) announces that an unsecured US$50,000 convertible note and a secured convertible note of CAD$100,000 have been converted to equity resulting in the issuance of 3,284,000 common shares at a price of $0.05 per share, as well as the issuance of 1,284,000 share purchase warrants, with each warrant entitling the holder thereof to purchase one additional common share at a price of $0.10 per share for a term of two years.

GRANT OF STOCK OPTIONS

VANCOUVER, BRITISH COLUMBIA — 10 February 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that incentive stock options have been granted to certain directors, officers and employees to purchase up to an aggregate of 4,500,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.05 per share, expiring five years after the date of grant.

36.34 CARAT DIAMOND RECOVERED FROM OENA DIAMOND MINE

VANCOUVER, BRITISH COLUMBIA — 8 February 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that African Mineral Recovery Solutions CC (“AMRS”) has mobilized and commissioned mining and processing equipment, including a Bourevestnik X-ray sorter (“BVX”) at the Oena Diamond Mine (the “Oena Project”) located in the Northern Cape, South Africa. During test commissioning, AMRS recovered a total of 62.17 carats at an average value of US$3,780 per carat, including a stone of 36.34 carats.

TANGO APPOINTS OENA MINING CONTRACTOR

VANCOUVER, BRITISH COLUMBIA — 18 November 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce the appointment of African Mineral Recovery Solutions CC (“AMRS”) as contractor to immediately recommence bulk sampling of the Oena diamond mine located in the Northern Cape, South Africa (the “Oena Project”). AMRS will pay a gross income of net diamond sales, less state royalties, based on a sliding scale between 15% and 20% for the duration of the 24-month contract. ATC Enterprises DMCC (“ATC”) maintain their diamond offtake right until they have received a minimum of 2,000 carats.

BK11 DIAMOND MINE, BOTSWANA, ACQUISITION NOT COMPLETED

VANCOUVER, BRITISH COLUMBIA — 12 September 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that the Firestone Diamonds Limited (“Firestone”) Sale of Shares and Claims Agreement (the “Firestone Agreement”) for the acquisition of the BK11 Diamond Mine, Botswana (“BK11”), as announced on 9 July 2015, did not close by the 9 September 2016 (the “Revised Drop Dead Date”).

TANGO ANNOUNCES LOAN FINANCING FOR ACQUISITION OF BK11 MINE

VANCOUVER, BRITISH COLUMBIA — 29 August 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce it has agreed to a non-convertible loan agreement (the “Loan Agreement”) with a number of lenders (the “Lenders”), in order to fund the previously announced acquisition (the “Acquisition”) of the processing facility and mineral rights comprising the Botswana diamond operations of Firestone Diamonds Limited (the “BK11 Mine”), and for general working capital purposes. Pursuant to the Loan Agreement, the Lenders will advance to the Company the aggregate principal amount of US$10,000,000 (the “Loan”).

TANGO ClOSES ADDITIONAL INTEREST IN KWENA GROUP AND CONVERSION OF SECURED LOAN NOTES

VANCOUVER, BRITISH COLUMBIA — 25 August 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that further to its news release dated 18 August 2016, it has closed the acquisition of an additional 23% interest in the issued and outstanding shares of the Kwena Group increasing Tango’s total interest to 74%. The Kwena Group have four thermal coal, metallurgical and processing plant and engineering contracts that process approximately 6.5 Mt per annum, have over 300 employees and with clientele that include Exxaro and Glencore.