Investor Presentaiton
Corporate Profile
tangomining
Tango Mining Limited ("Tango" or the "Company") is an TSXV-listed diamond producer with the producing Oena Diamond Mine in
South Africa, an option to acquire and reactivate the past producing BK11 Kimberlite Diamond Mine in Botswana and four thermal
coal, metallurgical and processing plant and engineering contracts in South Africa.
• African Star holds:
.
a 100% interest in the Oena Diamond Mine, a producing alluvial diamond mine that has been sold for USD$3M,
subject to approvals, to Bothma Diamante CC;
Kwena Group holds:
•
four toll treatment contracts for four coal production collieries located within the Ogies and Highveld coalfields,
Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa.
• BK11 Kimberlite Diamond Mine Option:
In July 2015, the Company agreed the purchase the BK11 Mine and
production facility in Botswana from Firestone and the minority
partner for a total acquisition price of US$8.8M, of which:
SHARE STRUCTURE (8.4.2016)
Total Issued and Outstanding
142,426,710
42,088,713 (29.55%)
•
•
US$350,000 was paid on 9 July 2015;
•
US$7,650,000 is payable to Firestone and US$0.8M is
payable to the minority partner (US$8.45M total) by 29
July 2016; and
• Care and maintenance fees of up to US$40,000 per month
are payable on closing.
The transaction is subject to Botswana Government approvals
and financing. The Company has received unconditional
approval from the Competition Authority and has made
application to the Minister of Mines.
TGV.TSXV
Insiders
Warrants 25.2.2017 (C$0.10)
4,000,000
Options
7,350,000
Fully Diluted Issued and Outstanding
153,776,710View entire presentation