Tango Mining Ltd. is pleased to announce an operational update on its project portfolio located in both the Republic of South Africa and Republic of Angola. Coal – Metallurgical and Mining Projects, Republic of South Africa Three Operation and Maintenance of Coal Processing Plant Agreements, in respect of three Exxaro coal mines, Dorstfonein East, West and Forzando, have been renewed for three years to June 2020 [...]
British Columbia, Dec. 14, 2017 -- Tango Mining Ltd. announces that the private placement announced on November 27, 2017 has now closed, being a C$510,500 one year unsecured convertible note bearing interest at a rate of 3% per annum . The Company has the option on or before the maturity date to convert, at its sole discretion, all or a portion of the Unsecured Note into units of Tango, with each unit consisting of one [...]
VANCOUVER, British Columbia, Dec. 13, 2017 -- Tango Mining Ltd. is pleased to announce that it has retained Lakeshore Securities Inc. of Toronto, Ontario to provide market-making services. The market-making services will be undertaken by Lakeshore in compliance with the guidelines of the TSX Venture Exchange. Under the terms of the agreement, Tango will pay Lakeshore a monthly fee of up to $5,000 plus applicable taxes for [...]
VANCOUVER, British Columbia, Dec. 04, 2017 -- Tango Mining Ltd. announces that it has reached a settlement with creditors for debt totaling C$816,736 by the issuance of 16,334,720 common shares at a price of $0.05 per share. These shares for debt settlements are subject to the approval of the TSX Venture Exchange. About Tango Mining Limited Tango via its South African subsidiaries holds three thermal coal, metallurgical [...]
British Columbia, Nov. 27, 2017 -- Tango Mining Ltd. announces that, subject to the approval of the TSX Venture Exchange, it has agreed to issue a C$510,500 one year unsecured convertible note bearing interest at a rate of 3% per annum. The Company has the option on or before the maturity date to convert, at its sole discretion, all or a portion of the Unsecured Note into units of Tango, with each unit consisting of one [...]
VANCOUVER, British Columbia , Nov. 16, 2017 -- Tango Mining Ltd. is pleased to announce the recommencement of production at its Oena Diamond Mine located in the Northern Cape, South Africa. Bluedust 7 Proprietary Limited has mobilized and commissioned mining and processing equipment, including a Bourevestnik X-ray sorter , to Oena . Please see the Project Updates section of our website for regular operational updates with [...]
Tango Mining is pleased to announce it has entered into a Contract Mining and Diamond Recovery Agreement with Bluedust 7 Proprietary Limited at Oena Diamond Mine, South Africa. Bluedust will develop the Oena alluvial diamond mine using Bourevestinik X-ray machines and/or pan plants. Bluedust, at its own cost and expense, will provide and maintain all the Plant and Equipment as required to perform the Mining Services.
Tango Mining is pleased to announce that it has signed a three year renewable Services Agreement for Mining and Marketing of Diamonds with Txapemba Canguba which is a Cooperativa Exploração Semi-Industrial de Diamantes located in the Municipality of Cambulo, Province of Lunda Norte. Txapemba was granted an 84 square km concession for the semi-industrial exploitation of diamonds within the Luembe River basin in an area [...]
Tango Mining is pleased to announce that, effective 1 July 2017, it has secured the services of two key executives by entering into consulting agreements with each of Samer Khalaf, Chief Executive Officer, and with Terry L. Tucker, Executive Chairman. Under the terms of the consulting agreements, both Mr. Khalaf and Mr. Tucker have agreed to provide their consulting services for a term of one year, renewable annually. In [...]
Tango Mining announces that, subject to TSX Venture Exchange approval, it has closed a private placement of 5,004,840 units at $0.05 per Unit for a total of $250,242. Each Unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one common share of the Company at an exercise price of $0.05 per share, exercisable for a period of 12 months from the date of issuance.
Tango Mining announces that, in partnership with the GZA Group, it has formed a South African subsidiary, TML Equipment Solutions, 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, South Africa.
Tango Mining announces that, pursuant its news release dated 17 June 2015, it has reached a settlement with ATC Enterprises DMCC 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 [...]