Tango Gold Mines Incorporated Closes Shares for Debt Settlement
July 29, 2013 (Source: Marketwired) — Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the “Company”) announces that pursuant to its news release dated 4 April 2013, the Company has now issued an aggregate of 3,208,453 common shares at a deemed price of $0.13 per share to settle outstanding debt totalling $417,099. The debt settlement shares are subject to a four-month hold period expiring on 27 November 2013.
About Tango Gold Mines Incorporated
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Tango Gold is a Canadian company engaged in the exploration and development of precious metal properties in Nicaragua. Tango Gold is focused on advancing the past-producing 9,300 hectare Topacio Property. Topacio has a National Instrument 43-101 Inferred mineral resource estimate of 2,716,176 tonnes (t) grading 3.90 g/t Au containing 340,345 ounces of Au (at 1.5 g/t Au cut-off). Tango Gold trades on the TSX Venture Exchange under the symbol TGV.
On Behalf of the Board of Directors
Antonio Ponte, Chairman and Chief Executive Officer
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>