Tango Closes Private Placement and Shares FOR Debt Settlement
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Tango Mining Limited
202 – 5626 Larch Street
Vancouver, British Columbia
V6M 4E1, Canada
TSX Venture: TGV
www.tangomining.com
TANGO CLOSES PRIVATE PLACEMENT AND SHARES FOR DEBT SETTLEMENT
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
VANCOUVER, BRITISH COLUMBIA — 14 December 2017 – Tango Mining Limited (“Tango” or the “Company”)
(TSXV:TGV) announces that the private placement announced on November 27, 2017 has now closed, being a
C$510,500 (US$400,000) one year unsecured convertible note bearing interest at a rate of 3% per annum (the
“Unsecured Note”). The Company has the option on or before the mat urity date to convert, at its sole discretion, all
or a portion of the Unsecured Note into units of Tango, with each unit consisting of one common share at a price of
C$0.05 per share and one share purchase warrant, exercisable for two years, to purchase o ne additional share at
C$0.10 per share (the “Units”). All or a portion of the accrued and unpaid interest due at the time conversion is also
payable by the issuance of Units of Tango at the Company’s discretion at a price not below the trading market price at
the time the interest is payable . The underlying common shares issuable upon conversion of the Unsecured Note are
subject to a four‐month hold period from the date of issuance.
Tango has issued 17,895,380 common shares in the capital stock at a price of $0.05 per share to certain creditors to
settle indebtedness in the aggregate of $894,769 , pursuant to shares for debt settlements announced on November
16, 2017 and December 4, 2017.
Pursuant to its news release dated September 8, 2017, Tango has also issued an aggregate of 1,953,000 common
shares at a price of $0.05 per share for compensation to the CEO and Executive Chairman for the months of
September, October and November.
About Tango Mining Limited
Tango, via its South African subsidiaries, holds three thermal coal, metallurgical, processing plant and engineering
contracts that process 6.5 Mt of coal per annum, with client Exxaro. The three projects are located within the Ogies
and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu‐Natal Province, South Africa. The
Company also holds an intere st in the Oena Diamond Mine, a producing alluvial diamond property located in the
Northern Cape Province, South Africa. Tango also has a three ‐year renewable Risk Services Agreement for Mining of
Diamonds with Txapemba Canguba R.L, which was granted an 84 square km concession within the Luembe River
basin, Angola.
On behalf of the Board of Directors of Tango Mining Limited
Mr. Samer Khalaf
Chief Executive Officer
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.