And... more news...Tango Mining Limited: Shares for Debt Settlement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE: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