Tango Announces Share Consolidation Concurrent with Change of NAME
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Tango Mining Limited
202 – 5626 Larch Street
Vancouver, British Columbia
V6M 4E1, Canada
TSX Venture: TGV
www.tangomining.com
TANGO ANNOUNCES SHARE CONSOLIDATION CONCURRENT WITH CHANGE OF NAME
VANCOUVER, BRITISH COLUMBIA — 21 October 2019 – Tango Mining Limited (“Tango” or the “Company”)
(TSX.V – TGV) announces that further to its News Release dated July 30, 2019, wherein it announced a proposed
change of name to “Southstone Minerals Limited”, subject to the appro val of the TSX Venture Exchange, it is
proposing to concurrently consolidate its common shares on the basi s of one post -consolidation common share
for every ten pre-consolidation common shares (the “ Share Consolidation”). Currently, a total of 232,602,139
common shares are issued and outstanding, which will be consolidated into 23,260,213 common shares,
assuming no other change in the issued capital. Share percentage holdings will remain unchanged and Tango’s
outstanding options and warrants will be adjusted to reflect the Share Consolidation. The Share Consolidation is
subject to the approval of the TSX Venture Exchange.
Tango’s board of directors has carefully considered this consolidation of the common shares and believes that, if
approved and implemented, Tango would benefit from enhanced trading liquidity and a greater ability to raise
additional capital to fund its operations.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TANGO MINING LIMITED
Mr. Samer Khalaf
Chief Executive Officer
Tango Mining Limited
Neither 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 release.
Forward-Looking Statement
Certain information set forth in this news release contains “forward-looking statements” and “forward -looking
information” under applicable securities laws. Except for statements of historical fact, certain information
contained herein constitutes forward -looking statements, which include management’s assessment of future
plans and operations and are based on current internal expectations, estimates, projections, assumptions and
beliefs, which may prove to be incorrect. Some of the forward -looking statements may be identified by words
such as “forecasts”, estimates” , “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity”
and similar expressions. These statements are not guarantees of future performance and undue reliance should
not be placed on them.
Such forward -looking statements necessari ly involve known and unknown risks and uncertainties, which may
cause the Company’s actual performance and financial results in future periods to differ materially from any
projections of future performance or results expressed or implied by such forward -looking statements. These
risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral
resources; the realization of mineral resource estimates; anticipated future production, capital and operating
costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization;
potential types of mining operations; permitting timelines; government regulation of exploration and mining
operations; risks that the presence of diamond de posits mentioned nearby the Company’s property are not
indicative of the diamond mineralization on the Company’s property, the supply and demand for, deliveries of
and the level and volatility of prices of rough diamonds, risks that the actual revenues wil l be less than
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projected; risks that the target production for the existing mining contracts will be less than projected or
expected; risks that production will not commence as projected due to delay or inability to receive
governmental approval of the Company’s acquisition or the timely completion of an NI43 -101 report; technical
problems; inability of management to secure sales or third party purchase contracts; currency and interest rate
fluctuations; foreign exchange fluctuations and foreign operations; various events which could disrupt
operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate
and manage the foregoing factors and risks.
The forward -looking statements and information contained in this news release are based on certain
assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange
rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet
its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment
in a cost-efficient manner to meet its demand. There can be no assurance that forward -looking statements will
prove to be accurate, as actual r esults and future events could differ materially from those anticipated in such
statements. The reader is cautioned not to place undue reliance on forward -looking statements. The Company
does not undertake to update any of the forward -looking statements co ntained in this news release unless
required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will
achieve these levels of revenue.