Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

SML.V ·

Tango Mining Secures Services of TWO Key Executives

Corporate Updates

1

Tango Mining Limited

202 – 5626 Larch Street

Vancouver, British Columbia

V6M 4E1, Canada

TSX Venture: TGV

www.tangomining.com

TANGO MINING SECURES SERVICES OF TWO KEY EXECUTIVES

VANCOUVER, BRITISH COLUMBIA — 8 September 2017 – Tango Mining Limited ("Tango" or the

“Company”) (TSXV:TGV) is pleased to announce that, effective 1 July 2017, it has secured the services of

two key executives by entering into consulting agreements with each of Samer Khalaf, Chief Executive

Officer, and with Terry L. Tucker, Executive Chairman. Under the terms of the consulting agreements,

both Mr. Khalaf and Mr. Tucker have agreed to provide their consulting services for a term o f one year,

renewable annually. In order to assist Tango in conserving cash, Mr. Khalaf has agreed to accept his

monthly compensation by the issuance of common shares of Tango, to be issued at the closing price of

Tango’s stock on the date of issuance, subject to a mi nimum price of $0.05 per share. Mr. Tucker has

agreed to accept a 55% of his monthly compensation by the issuance of common shares of Tango.

For the months of July and August 2017, Mr. Khalaf has been issued 840,000 common shares and Mr.

Tucker has been issued 462,000 common shares, which shares were issued at a deemed price of $0.05

per share, being the minimum price pursuant to the policies of the TSX Venture Exchange.

The Company also confirms that the private placement announced on 27 July 2017 has closed and a

total of 3,754,840 units were issued for aggregate proceeds of US$150,000 (C$187,742). Each unit

consists of one common share and one share purchase warrant entitling the holder thereof to purchase

one additional common share at a price of $0.05 per share, exercisable on or before 8 September 2018.

The common shares issued under the private placement and any shares that may be issued upon

exercise of the share purchase warrants are subject to a four month hold period expiring on 9 January

2018.

On behalf of the Board of Directors of Tango Mining Limited

Mr. Samer Khalaf

CEO

Tango Mining Limited

[email protected]

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.