Non-brokered offering sells 20 million common shares at C$0.05 each
By Devika Patel
Knoxville, Tenn., Oct. 24 - Tango Gold Mines Inc. said it plans a C$1 million non-brokered private placement of stock.
The company will sell 20 million common shares at C$0.05 apiece, a 28.57% discount to the Oct. 23 closing share price of C$0.07.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Tango Gold Mines Inc.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 20 million
|
| Price: | C$0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 24
|
| Stock symbol: | TSX Venture: TGV
|
| Stock price: | C$0.07 at close Oct. 23
|
| Market capitalization: | C$5.16 million
|
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