Tango Gold Announces Closing of $950,000 Management Lead Private Placement Financing
December 09 2013 - 5:34PM
Marketwired
Tango Gold Announces Closing of $950,000 Management Lead Private
Placement Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) - Tango
Gold Mines Incorporated (TSX-VENTURE:TGV) (the "Company" or "TGV")
announces that the non-brokered private placement offering of
19,000,000 common shares at a price of CAD $0.05 per share for
gross proceeds of CAD $950,000 has now closed and the securities
have been issued. The private placement shares are subject to a 12
month hold period expiring on December 2, 2014. Insiders of the
Company subscribed for 3,000,000 shares (15.8%) of this private
placement.
A cash finder's fee of 7% cash in the sum of CAD $17,500 was
paid in connection with the private placement.
About Tango Gold Mines Incorporated
Tango Gold Mines Incorporated is a Canadian company engaged in
the exploration and development of two principal precious metal
properties in the Republic of Nicaragua.
- Topacio - TGV has the right to acquire a 100% interest in the
9,300 hectare (ha) Topacio concession in south-central Nicaragua,
net a 3% NSR. Topacio is the site of historical underground and
open pit gold production dating back to the early 1900s and hosts
an National Instrument 43-101 compliant Inferred Mineral Resource
of 2,716,176 tonnes grading 3.90 grams per tonne (g/t) gold,
containing 340,345 ounces of gold at a cutoff of 1.5 g/t (Clarkson,
9.11.2012).
- El Santo - TGV has a 100% interest in the 2,088.8 ha El Santo
concession located in central Nicaragua, immediately to the south
of B2Gold Corp.'s La Libertad concession that is host to the La
Libertad mine and mill complex which is expected to produce in
excess of 130,000 ounces of gold in 2013. El Santo is believed to
host several east-west trending, low sulphidation, epithermal
quartz vein systems similar to those found on the La Libertad
concession.
On Behalf of the Board of Directors
Antonio Ponte, Executive Chairman
Tango Gold Mines Incorporated
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Tango Gold Mines Incorporatedponte@tangogoldmines.com
Tango Mining (TSXV:TGV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tango Mining (TSXV:TGV)
Historical Stock Chart
From Jul 2023 to Jul 2024