Deadline for BK11 Mine sale extended again

In a statement released yesterday, Firestone said Tango Mining now has until the revised date of September 9, 2016 to settle all the conditions under the Conditional Sale Agreement (CSA).

Firestone said the agreement to extend the due date allows Tango to finalise its proposed $30-million loan commitment with California-based financial lender Vanderbilt Commercial to finance the acquisition of the operations and provide the capital to restart the mothballed  BK11 kimberlite diamond operations.