RE:RE:RE:RE:.035 Going Going Gone....like diamonds being soldNo, this does not mean that he paid that, yet, I found the issuance of those warrants in the 2016 Year end audit on page 26 https://tangomining.com/2016-year-end-audit-report ...
On March 3, 2015, the Company completed a non-brokered $75,000 private placement with the CEO of the Company consisting of 1,500,000 units at a price of 0.05$ per unit. Each unit consists of one share and one warrant to purchase on additional share at a price of $0.10 until March 2, 2017
The date March 2, 2017 was later extended to 2020
You can choose to exercise a warrant or not, I think the last SEDI filling was Tucker registering his warrants to the market broker so he can exercise them in the future.
You pay a warrant when you exercise them, and they are not yet exercise, but if the price go upward of 10cents (the exercise price), for example 14 cents, he will be able to buy new share at 10 cents and sell them at the price he wants.
I just hope he's doing this move because he expect to exercise those warrants soon. It could also be just an administration thing and means nothing.
Also, he did sell 225 000 share this week at 3cents, he basically cashed in his last "share for debt"