Sept 23 (Reuters) - Mkango Resources Ltd MKA.V :
* MKANGO ANNOUNCES PROPOSED INVESTMENT IN HYPROMAG
* INITIAL INVESTMENT OF £300,000 TO SATISFY HYPROMAG'S MATCHED FUNDING REQUIREMENTS FOR THREE YEAR, £2.6 MILLION UK GRANT FUNDED PROJECT
* WILL INVEST £300,000 FOR AN INITIAL 25% INTEREST IN HYPROMAG AND PROVIDE A £200,000 CONVERTIBLE LOAN FACILITY