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Tango Mining Limited appoints Non-Executive Director

Published by , Editorial Assistant
World Coal,

Tango Mining Limited has announced the appointment of Mr. Samer Khalaf as a non-executive Director effective immediately. Mr. Khalaf is the Director for Africa and Middle East at GPB Global Resources. GPB Global Resources is an international group of companies engaged in petroleum and mineral resource projects in various parts of the globe, including Africa, South America and the Middle East and is based in the Netherlands.

Mr. Khalaf is also Managing Director of Ketina Minerals DMCC, a Dubai based Group Company focused on gold exploration. Mr. Khalaf has over 25 years of investment banking experience in the Middle East, Africa and Europe. He has held senior positions at various institutions including Nomura Securities, Gazprombank and PrimeCorp Finance SA. Samer holds an economics degree from Syracuse University and an MBA in finance from Columbia Business School. He has also completed the executive programme for energy at Harvard Business School.

Terry L Tucker, Executive Chair of Tango commented:

"We are delighted that Samer has joined the Board of Tango. He will be invaluable in assisting the Company to drive its ongoing corporate development programme to grow the business using the successful past 19-year business model of the South African operations in the coal, base and precious metal and precious stone mining sector in Southern Africa. On behalf of the Board and management we would like to welcome Samer and look forward to working with him".

Pursuant to its stock option plan, the company has granted stock options of the Company to purchase up to a total of 450 000 common shares in the capital stock of the company to a Director. The options are exercisable at a price of US$0.05 per share for a term of five years from the date of granting.

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