Tango to roll back shares one for 10
2019-10-21 15:39 MT - News Release
Mr. Samer Khalaf reports
TANGO ANNOUNCES SHARE CONSOLIDATION CONCURRENT WITH CHANGE OF NAME
Further to the news release dated July 30, 2019, wherein Tango Mining Ltd. announced a proposed change of name to Southstone Minerals Ltd., subject to the approval of the TSX Venture Exchange, Tango Mining is proposing to concurrently consolidate its common shares on the basis of one postconsolidation common share for every 10 preconsolidation common shares. Currently, a total of 232,602,139 common shares are issued and outstanding, which will be consolidated into 23,260,213 common shares, assuming no other change in the issued capital. Share percentage holdings will remain unchanged, and Tango's outstanding options and warrants will be adjusted to reflect the share consolidation. The share consolidation is subject to the approval of the TSX Venture Exchange.
Tango's board of directors has carefully considered this consolidation of the common shares and believes that, if approved and implemented, Tango would benefit from enhanced trading liquidity and a greater ability to raise additional capital to finance its operations.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.