Appointment of Non-Executive Director

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VANCOUVER, BRITISH COLUMBIA — 3 April 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce the appointment of Mr. Samer Khalaf as a non-executive Director effective immediately. Mr. Khalaf is the Director for Africa and Middle East at GPB Global Resources. GPB Global Resources is an international group of companies engaged in petroleum and mineral resource projects in various parts of the globe, including Africa, South America and the Middle East and is based in the Netherlands.

Mr. Khalaf is also Managing Director of Ketina Minerals DMCC, a Dubai based Group Company focused on gold exploration. Mr. Khalaf has over 25 years of investment banking experience in the Middle East, Africa and Europe. He has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. 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.

Terry L Tucker, Executive Chair of Tango commented: “We are delighted that Samer has joined the Board of Tango. He will be invaluable in assisting the Company to drive its ongoing corporate development program to grow the business using the successful past 19-year business model of the South African operations in the coal, base and precious metal and precious stone mining sector in Southern Africa. On behalf of the Board and management we would like to welcome Samer and look forward to working with him”.

Pursuant to its stock option plan, the Company has granted stock options of the Company to purchase up to a total of 450,000 common shares in the capital stock of the Company to a Director. The options are exercisable at a price of $0.05 per share for a term of five years from the date of granting.

About Tango Mining Limited

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa. The Company also holds an interest in the Oena Project, a producing alluvial diamond property, Northern Cape Province, South Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

TANGO AMENDS TERMS OF AGREEMENT WITH GEORGES ZARD, FOUNDER OF THE GZA GROUP

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VANCOUVER, BRITISH COLUMBIA —27 March 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that further to its news releases dated February 28, 2017 and March 1, 2017 the Company has eliminated the intermediary step of acquiring from Mr. Kevin Gallagher a related party, a 23% interest in African Star Minerals (Pty) Ltd (“ASM”). As a result, the terms of the agreement with Mr. Georges Zard (“GZ”) the owner of the international conglomerate The GZA Group, have been amended whereby Mr. Zard will now acquire from the Company an 8% interest in ASM in lieu of the 31% interest previously announced.  Mr. Gallagher and Mr. Zard have entered into a private transaction whereby Mr. Zard will acquire the 23% interest directly from Mr. Gallagher.

GZ Acquisition of 8% of ASM

ASM owns 100% of the Oena Diamond Mine (“Oena”) which consists of 8,800 hectares Converted Mining Right (“CMR”) located on the lower Orange River, Northern Cape Province, South Africa. Mr. Zard has agreed to pay Tango US$35,000 for the 8% interest in ASM and purchase CAD$225,000 in securities from the Company by way of private placement.

An application for a nine-year renewal of the mining right was lodged with the Department of Mineral Resources with a Mining Work Programme, Environmental Management Plan and recently a revised Social and Labour Plan has been submitted in support of the renewal. The application for renewal of the CMR is pending. The transfer of the 8% interest to GZ is subject to South African regulatory consents and approvals required to implement the transaction.

While the CMR is being renewed, Tango must place in escrow, 3,425,160 Tango shares (“Escrowed Shares”) in the name of Mr. Zard as security for its interest in ASM. Upon receipt of the renewal of the CMR the Escrowed Shares will be cancelled and returned to the treasury. In the event the CMR is not renewed, the Escrowed Shares will be released to Mr. Zard and Mr. Zard will transfer back to Tango a 31% interest in ASM, being the 8% acquired from Tango and the 23% interest acquired privately from Mr. Gallagher.

ASM has also submitted applications for other applicable approvals as required under South African regulatory consents and approvals and should the transfer of 8% of ASM not occur, Tango will release 930,755 of the Escrowed Shares to Mr. Zard.

The 8% ASM disposition has received conditional approval by the TSX Venture Exchange. In connection with the sale of the 8% interest in ASM, Tango has agreed to pay to Merlin Partners LLP, a 5% finder’s fee and issue 46,228 share purchase warrants exercisable at a price of $0.05 for a period of 2 years.

Finance Update

The Company confirms that is has issued 4,938,729 shares in the capital stock of the Company at a price of $0.05 per share in full and complete settlement of indebtedness and the number of securities issued and outstanding now is 186,055,619 common shares.

About Tango Mining Limited

Tango, via its South African subsidiaries, hold four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt of coal per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa. The Company also holds an interest in the Oena Project, an alluvial diamond property, Northern Cape Province, South Africa. Tango has a continued development plan in place to grow the business using the successful past 19-year business model of the South African operations, an established market presence and its proven successful operational reputation in the coal, base and precious metal and precious stone mining sector in Southern Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; mineral title; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

 

GEORGES ZARD, FOUNDER OF THE GZA GROUP, ACQUIRES 31% INTEREST IN AFRICAN STAR MINERALS

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VANCOUVER, BRITISH COLUMBIA — 1 March 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that it has entered into a binding agreement with Georges Zard (“GZ”), the owner of the international conglomerate The GZA Group, whereby GZ will acquire a 31% interest in African Star Minerals  (Pty) Ltd (“ASM”) which holds 100% of the Oena Diamond Mine in South Africa for US$300,000.

“We are excited to expand our investments into the diamond mining sector and look forward to growing diamond production at the Oena Diamond Mine and in other ventures with Tango as our technical partner.” said Georges Zard.

GZ Acquisition of 31% of ASM

ASM owns 100% of the Oena Diamond Mine (“Oena” or the “Property”) which consists of 8,800 hectares (“ha”) Converted Mining Right (“CMR”) located on the lower Orange River, Northern Cape Province, South Africa. GZ has agreed to pay Tango US$300,000 for the 31% interest in ASM. An application for a nine-year renewal of the mining right was lodged with the Department of Mineral Resources with a Mining Work Programme, Environmental Management Plan and recently a revised Social and Labour Plan has been submitted in support of the renewal. The application for renewal of the CMR is pending. The transaction closing will take place in two parts, initially with the transfer of 23% ownership of ASM to GZ and second with transfer of an additional 8%. Both transfers are subject to South African regulatory consents and approvals required to implement the transaction. While the CMR is being renewed, Tango must place in escrow, 7,925,160 Tango shares (“Escrowed Shares”) in the name of GZ and upon receipt of the renewal of the CMR the Escrowed Shares will be cancelled and returned to the treasury. In the event the CMR is not renewed, GZ will receive the Escrowed Shares and will transfer back to Tango the 31% interest in ASM.  ASM has also submitted applications for other applicable approvals as required under South African regulatory consents and approvals and should the transfer of 8% of ASM not occur, Tango will release 2,113,376 of the Escrowed Shares to GZ.

The 31% ASM disposition is subject to completion of the 23% acquistion (see news release dated 28 February 2017) and receipt of the approval of the TSX Venture Exchange. In connection with the sale of the 31% interest in ASM, Tango has agreed to pay to Merlin Partners LLP, a 5% finder’s fee and 396,000 share purchase warrants exercisable at a price of $0.05 for a period of 2 years.

About Tango Mining Limited

Tango via its South African subsidiaries hold four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt of coal per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa. The Company also holds an interest in the Oena Project, an alluvial diamond property, Northern Cape Province, South Africa.  Tango has a continued development plan in place to grow the business using the successful past 19-year business model of the South African operations, an established market presence and its proven successful operational reputation in the coal, base and precious metal and precious stone mining sector in Southern Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; mineral title; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue. 

 

TANGO ACQUIRES ADDITIONAL 23% OF AFRICAN STAR MINERALS AND MINING WORK PROGRAMME AT OENA HAS COMMENCED

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VANCOUVER, BRITISH COLUMBIA — 28 February 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that that it has entered into a non-arms length acquisition agreement to acquire an additional 23% interest in the issued and outstanding shares of African Star Minerals (Pty) Limited (“ASM”) in which Tango currently owns a 51% interest (see news release dated 20 October 2014), which will increase Tango’s total interest to 74%. Tango has agreed to pay US$200,000, payable in tranches, to acquire the 23% interest in ASM.

Tango is also pleased to announce that ASM`s mining work programme at the Oena Diamond Mine (“Oena” or the “Property”), by a contractor, African Mineral Recovery Solutions CC (“AMRS”), has commenced with the mobilization and commissioning of additional mining and processing equipment, including a Bourevestnik X-ray sorter (see news releases dated 18 November 2016 and 8 February 2017). During test commissioning, AMRS recovered a total of 62.17 carats with an average value of US$3,780 per carat, including a stone of 36.3 carats. Since Tango acquired ASM, it has produced 254.2 carats which have been sold at an average price of US$1,881 per carat.

About African Star Minerals (Pty) Limited (“ASM”)

ASM owns 100% of the Property which consists of a 8,800 hectares (“ha”) Converted Mining Right (“CMR”) located on the lower Orange River, Northern Cape Province, South Africa. Oena covers a 4.8 kilometre (“km”) wide strip along a 15-km length of the Orange River in a well-established alluvial diamond-mining province known to produce high quality and large sized diamonds.

Tango Acquisition of 23% of ASM

Tango has agreed to acquire the 23% interest in ASM from Kevin Gallagher, a Director of Tango, for US$200,000 to be paid and satisfied by Tango in tranches whereby US$50,000 (the “Initial Payment”) will be paid on closing of the transfer of the 23% interest in ASM. The balance of US$150,000 (“Outstanding Payment”) will be paid in installments from dividends earned by Tango from ASM. Gallagher has been granted the right to convert some or all the Outstanding Payment into Tango shares at the 5-day volume weighted average price of Tango shares immediately prior to the notice date (“Notice Date”) subject to a minimum price of $0.05. In the event Tango has a 5-day volume weighted average price of C$0.07 cents or above, Tango has an option to force conversion of some or all the Outstanding Payment into equity at the 5-day volume weighted average.

The ASM transaction is subject to receipt of the approval of the TSX Venture Exchange and all South African regulatory consents and approvals required to implement the transaction.

Finance Update

The Company confirms that is has issued 7,585,580 shares in the capital stock of the Company at a price of $0.05 per share in full and complete settlement of indebtedness and the number of securities issued and outstanding now is 181,117,340 common shares.

About Tango Mining Limited

Tango via its South African subsidiaries hold four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt of coal per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa. The Company also holds an interest in the Oena Diamond Mine, an alluvial diamond property, Northern Cape Province, South Africa. Tango has a continued development plan in place to grow the business using the successful past 19-year business model of the South African operations, an established market presence and its proven successful operational reputation in the coal, base and precious metal and precious stone mining sector in Southern Africa.

 

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; mineral title; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

 

SHARES FOR DEBT SETTLEMENT

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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.

About Tango Mining Limited

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

 

EXTENSION AND CONVERSION OF CONVERTIBLE DEBENTURES

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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.

The Company has proposed to settle C$266,839 in debt with respect to the payment of accrued interest on convertible debentures and settlement of a loan balance, by the issuance of an aggregate of 5,336,780 common shares at a price of $0.05 per share, which issuance is subject to the approval of the TSX Venture Exchange.

The Company confirms that it has now issued 2,000,000 common shares in the capital stock of the Company in full and complete settlement of the indebtedness in the sum of C$100,000 owed to its Chairman and Interim CEO, Terry L. Tucker, P.Geo.

In addition, the Company also announces that the conversion rights of all outstanding convertible debentures has been extended to December 31, 2017. Pursuant to the terms of the convertible debentures, the lenders have the option to convert the principal into units of Tango at the discretion of the lender. Each unit shall consist of one common share at a price of $0.05 per share and one share purchase warrant to purchase one additional common share at a price of $0.10 per share, which warrants shall be for a term of two years. The debentures bear interest at the rate of 12% per annum. Interest payable under the loans may be settled by the issuance of common shares at a price not below the trading market price at the time the interest is payable.

About Tango Mining Limited

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

GRANT OF STOCK OPTIONS

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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.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

36.34 CARAT DIAMOND RECOVERED FROM OENA DIAMOND MINE

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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.

Since Tango’s acquisition of 51% of African Star Minerals (Pty) Limited (“ASM”), which owns 100% of the Oena Project, 254.2 carats have been recovered with an average value of US$1,881 per carat. Upon completion of a number of required operational items, including the implementation of a number of required management plans, including a Health and Safety Plan, Tango expects AMRS to commence bulk sampling in Q1 2017.

Debt Conversion to Equity

The Chairman and Interim CEO, Terry L. Tucker, P.Geo., has agreed to settle indebtedness in the sum of C$100,000 by the issuance of 2,000,000 common shares at a price of C$0.05 per share, which shares for debt settlement is subject to the approval of the TSX Venture Exchange.

About Tango Mining Limited

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue. 

 

 

TANGO APPOINTS OENA MINING CONTRACTOR

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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.

AMRS specialize in the processing of alluvial gold and diamond deposits and will utilize Bourevestnik X-ray machine (“BVX”) technology for diamond recovery. The Oena Project consists of an 8,800-hectare mining right and corresponding infrastructure and all associated processing equipment located along the Orange River in a well-established alluvial diamond-mining province known to produce high quality and large sized diamonds.

Finance Update

Tango announces that it has completed a private placement of C$67,500 in unsecured convertible notes. The notes, bearing interest at 12%, are due on 28 February 2017, and are convertible into units of the Company at a price of C$0.05 per unit, with each unit consisting of one common share and one share purchase warrant exercisable at a price of C$0.07 per share for a term of two years.

The Company also announces the extension of the ATC unsecured convertible note for the balance of US$250,000 until 31 March 2017 (see news release of 17 June 2015). The note is convertible into common shares of the Company at a price of C$0.05 per share and bears interest at 10%.

The private placement is subject to the approval of the TSX Venture Exchange.

Oena

Tango has terminated both the sale and contracting agreements, as announced on 23 March 2016, with Bothma Diamonte CC.

The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

About Tango Mining Limited

Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.

On behalf of the Board of Directors of Tango Mining Limited

Mr Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.

BK11 DIAMOND MINE, BOTSWANA, ACQUISITION NOT COMPLETED

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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”).

Although Firestone had agreed to extend the Revised Drop Dead Date, as announced on 29 August 2016, by when all conditions for the acquisition of BK11 must have been satisfied, namely consideration of US$8.0 million and repayment of the care and maintenance fees to a maximum of US$40,000 per month, the Company did not close the US$10 million Loan Financing announced on 29 August 2016 or the US$30 million loan commitment with Vanderbilt Commercial Lending, Inc., as announced on 24 March 2016 on or before the Revised Drop Dead Date.

The Company’s core operating business at this time remains to be its four thermal coal, “Operation and Maintenance of Coal Processing Plant Contracts” that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore and employees over 350 personnel. The Company has a continued development plan in place to grow the thermal coal business using the successful past 19-year business model, an established market presence and its proven successful operational reputation in the coal, base and precious metal and precious stone Southern African mining sector.

Tango will continue to look for growth opportunities via the acquisition of diamond and metal mining development and exploration projects in Africa, specifically in Botswana and Angola, and in diamond trading opportunities.

Up to C$3 Million Private Placement

As announced on 18 July 2016 and renewed on the 2 September 2016, Tango can place up to 60,000,000 units at a price of $0.05 per unit. Each unit shall consist of one common share and one share purchase warrant to purchase one additional common share at a price of $0.10 per share, exercisable for a period of two years from the date of grant. The private placement is subject to approval by the TSX Venture Exchange.

Up to US$10M Non Convertible Loan

As announced on the 29 August 2016, the Company will continue discussions in regards to the non-convertible loan agreements (the “Loan Agreements”) with a number of lenders (the “Lenders”), in order to fund acquisitions, new business and trading opportunities and for general working capital purposes. Pursuant to the Loan Agreements, the Lenders would advance to the Company the aggregate principal amount of US$10,000,000 (the “Loan”). The Loan bears interest at a rate of 12% per annum calculated quarterly in arrears and is payable on demand on or after the first anniversary of the closing date of the Loan. All other terms and conditions of the Loan remain as per the news release of the 29 August 2016.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that primarily operates in Southern Africa. Tango have four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Exxaro and Glencore. The four projects, employing over 350 personnel, are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman and Interim CEO

Tango Mining Limited

terry.t@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has neither approved nor disapproved the contents of this press release.

Forward-Looking Statement

Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them.

Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Company’s property are not indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of a NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks.

The forward-looking statements and information contained in this news release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this news release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue.