July 11 (Reuters) - Tangelo Games Corp GEL.V :
* TANGELO ANNOUNCES ARRANGEMENT AGREEMENT WITH GOGEL HOLDINGS INC.
* TANGELO GAMES - DEAL FOR PRICE/COMMON SHARE IN ARRANGEMENT AGREEMENT IMPLIES AN AGGREGATE FULLY DILUTED EQUITY VALUE FOR TANGELO OF ABOUT C$4.7 MILLION
* TANGELO GAMES CORP - PRICE PER COMMON SHARE IN ARRANGEMENT AGREEMENT IMPLIES AN AGGREGATE FULLY DILUTED EQUITY VALUE FOR TANGELO OF ABOUT C$4.7 MILLION
* TANGELO GAMES CORP - GOGEL WILL ACQUIRE ALL ISSUED AND OUTSTANDING COMMON SHARES OF TANGELO FOR C$0.02565 PER SHARE IN CASH
* TANGELO GAMES CORP - ARRANGEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD