Tango Gold Announces $950k Management Lead Private Placement Financing

Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the "Company" or "TGV") is
pleased to announce that it has completed a 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. Each share will be subject to a hold period of 12
months from the date of issuance. Insiders of the Company have subscribed for
3,000,000 shares (15.8%) of this private placement.


The net proceeds of the private placement will be used to, among other things,
to develop Company's projects in Nicaragua and for general working capital. 


Subject to the acceptance of the TSX Venture Exchange, closing of the private
placement is anticipated to take place within the next 7 days. A finder's fee of
5% cash is payable in connection with $250,000 of the private placement
securities issued.


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.


This news release may contain forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Readers are cautioned that
these forward looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to differ
materially from those expected. The presence of gold deposits mentioned nearby
the Company's property is not indicative of the gold mineralization on the
Company's property. All of the forward-looking statements made in this news
release are qualified by these cautionary statements and those in the Company's
continuous disclosure filings available on SEDAR at www.sedar.com. These
forward-looking statements are made as of the date hereof and the Company does
not assume any obligation to update or revise them to reflect new events or
circumstances save as required under applicable securities legislation. This
news release does not constitute an offer to sell securities and the Company is
not soliciting an offer to buy securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The technical
disclosure in this news release has been approved by Terry L. Tucker, P.Geo.,
Technical Director of the Company and a Qualified Person as defined by National
Instrument 43-101 of the Canadian Securities Administrators. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tango Gold Mines Incorporated
info@tangogoldmines.com

Tango Mining (TSXV:TGV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024