Business
Teako Announces Financing and Provides Norwegian Field Program Update
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 6,153,846 common shares of the Company (the "Common Shares") at a price of $0.065 per Common Share for aggregate gross proceeds of up to $400,000 (the "Offering"). The Company has secured lead commitments from insiders of the Company totaling C$200,000 and anticipates closing the Offering ...
About this update from Teako Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 6,153,846 common shares of the Company (the "Common Shares") at a price of $0.065 per Common Share for aggregate gross proceeds of up to $400,000 (the "Offering"). The Company has secured lead commitments from insiders of the Company totaling C$200,000 and anticipates closing the Offering promptly.","length":534,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company may pay finder's fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange (the "CSE") and applicable securities laws. Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the CSE and the Common Shares will be subject to a four-month and one-day hold period. The Company intends to use the net proceeds of the Offering for anticipated exploration activities as well as general working capital purposes to allow more time to pursue its corporate objective of additional project deals and potential revenue-generating third party work.","length":710,"tagName":"p"},{"type":"text","content":"The Common Shares offered have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.","length":689,"tagName":"p"},{"type":"text","content":"Insider Participation","length":21,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company are expected to participate in the Offering and as a result, the Offering may constitute a "related party transaction" within the meaning of Multilater...