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Tango Mining acquires additional 23% interest in Kwena Group

Tango Mining Limited has acquired an additional 23% interest in South Africa-based Kwena Group.
Mining machinery
The acquisition brings its total interest to 74%

Tango Mining Limited (CVE:TGV) has acquired an additional 23% interest in South Africa-based Kwena Group.

The mining firm entered into a deal to acquire the additional shares, bringing its total interest to 74%.

Tango has agreed to issue 14,200,000 shares at a deemed price of US$0.05.

The shares will be distributed to four individuals, one of which is Tango director and significant shareholder Kevin Gallagher.

He will receive 1,300,000 shares of the 14,200,000 common shares, and as a result his total shareholding increases to 15,210,000 common shares, representing 9.72% of the company.

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