Entries by Magiweb

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.

TANGO RECEIVES APPROVAL TO ACQUIRE ADDITIONAL INTEREST IN KWENA GROUP AND APPOINTS CFO

VANCOUVER, BRITISH COLUMBIA — 12 August 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that that it has received TSX Venture Exchange approval to acquire an additional 23% interest in the issued and outstanding shares of three private South African companies (together referred to as the “Kwena Group“) in which Tango currently owns a 51% interest (see News Release dated 14 July 2016), increasing Tango’s total interest to 74%.

TANGO ANNOUNCES EXTENSION FOR ACQUISITION OF BK11 MINE

VANCOUVER, BRITISH COLUMBIA — 29 July 2016 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that Firestone Diamonds Limited (“Firestone”), has agreed to extend the date by when all conditions for the Company’s acquisition of Firestone’s past producing BK11 Kimberlite Diamond Mine (“BK11 Mine”), Botswana (the “Acquisition”) must be satisfied.