Business
Teako Announces Closing of Oversubscribed Private Placement; Welcomes Strategic Shareholders
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce, further to its press release dated April 10, 2026, the closing of a second and final tranche of its previously announced non-brokered private placement offering (the "Offering") of common shares of the Company ("Common Shares"). Pursuant to the second and final tranche of the Offering, the Company issued 12,270,501 Common Shares at a price of $0.06.
About this update from Teako Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 17, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce, further to its press release dated April 10, 2026, the closing of a second and final tranche of its previously announced non-brokered private placement offering (the "Offering") of common shares of the Company ("Common Shares"). Pursuant to the second and final tranche of the Offering, the Company issued 12,270,501 Common Shares at a price of $0.06 per Common Share for total gross proceeds of approximately $736,230 resulting in an oversubscription of the Offering.","length":657,"tagName":"p"},{"type":"text","content":"The first tranche of the Offering was subscribed by one of the Company's largest German investors, together with new German investors and insiders, as previously disclosed in the Company's press release dated January 30, 2026. The second and final tranche attracted strong participation from both existing and new investors, with the majority based in Norway. A significant portion was subscribed by strategic investors K. A. Rasmussen AS ("K.A. Rasmussen"), Torodd Rande (CEO of K. A. Rasmussen), and Harald Sverdrup Industrier AS (the majority shareholder of K. A. Rasmussen). As a result, these parties now hold a combined direct and indirect ownership of approximately 7.99% of the Company.","length":712,"tagName":"p"},{"type":"text","content":"K.A. Rasmussen is a family-owned group established in 1872 and one of the leading precious metals refiners and producers in the Nordic region. Headquartered in Hamar, Norway, the company offers refining, recycling and advanced processing of gold, silver, platinum and palladium, in addition to industrial catalyst systems, investment metals and solutions for jewellery and industrial markets. K.A. Rasmussen operates in multiple European countries and serves customers globally.","length":478,"tagName":"p"},{"type":"text","content":"Chief Executive Officer, Sven Gollan, comments: "We are pleased to have successfully completed this financing, which, while taking longer than anticipated, ultimately resulted in a strong outcome for the Company. The quality and composition of the additions to our investor base provide a solid foundation as we move forward with our strategic priori...