Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
Tango Mining Ltd (CVE:TGV) is set to raise $225,000 after it received approval for a private placing of 4.5mln units.
The units will be issued at five cents each and comprise one share and one warrant entitling the bearer to buy a further share at $0.07 each for one year from the date of issue.
Tango has also agreed to pay a finder’s fee of $13,500 and issue 270,000 finder’s warrants exercisable also for a year at $0.07 per share.
The firm has four thermal coal, metallurgical, and processing plant and engineering contracts that process 6.5mln tonnes a year, with clients which include Exxaro and Glencore (LON:GLEN).
These are within the Ogies and Highveld coalfields, Mpumalanga province, and Kliprivier coalfield, KwaZulu-Natal province, South Africa.
Yesterday, Tango announced it had bolstered its board with the appointment of Samer Khalaf, who has investment banking and global resource industry experience.
The new non-exec director will help the firm drive its ongoing corporate development program , it told investors.
Story by ProactiveInvestors