Royalty and GZA group.Nobody talk about Royalty offtake but for me it's an important part of the last news release and
It should not be forgotten that GZA group its partner has 75% in the new South African subsidiary. I believe this is the beginning of something very interesting for TGV and all shareholders. IMHO!!!
========= VANCOUVER, British Columbia, July 21, 2017 (GLOBE NEWSWIRE) -- Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that, in partnership with the GZA Group, it has formed a South African subsidiary, TML Equipment Solutions (Pty) Ltd (“TML”), 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 (“Oena”), South Africa. TML Equipment Solutions (Pty) Ltd (“TML”)
The total capital investment into TML will be USD $1,175,000 and is fully committed. TML has secured a new Bourevestnik X-Ray (BVX) recovery unit, a Flow Sort X-Ray Separator and a Single Particle Sorter (the “Equipment”).
Tango will have a 25% equity stake in TML and will maintain operational control. Think about that a partnership whit gza group for a little company like TGV.....!!!!!
Go to see the web site of GZA group.
https://www.gzagroup.com/About.aspx Abou Jaoude feels passionate about giving back to his society. He remains known for his famous foresight and
successful financial flare and has his heart set on philanthropy.
Good luck
Raypar