VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 9, 2013) - Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the "Company" or "TGV") announces that the non-brokered private placement offering of 19,000,000 common shares at a price of CAD $0.05 per share for gross proceeds of CAD $950,000 has now closed and the securities have been issued. The private placement shares are subject to a 12 month hold period expiring on December 2, 2014. Insiders of the Company subscribed for 3,000,000 shares (15.8%) of this private placement.
A cash finder's fee of 7% cash in the sum of CAD $17,500 was paid in connection with the private placement.
About Tango Gold Mines Incorporated
Tango Gold Mines Incorporated is a Canadian company engaged in the exploration and development of two principal precious metal properties in the Republic of Nicaragua.
On Behalf of the Board of Directors
Antonio Ponte, Executive Chairman
Tango Gold Mines Incorporated
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