Business
Teako Announces First Tranche Closing of Private Placement and Shares for Debt Transaction
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the closing of a first tranche of its previously announced non-brokered private placement offering (the "Offering") of common shares of the Company ("Common Shares") and settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of Common Shares (the "Settlement Shares"). Pursuant to the Offering, the Company issued...
About this update from Teako Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the closing of a first tranche of its previously announced non-brokered private placement offering (the "Offering") of common shares of the Company ("Common Shares") and settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of Common Shares (the "Settlement Shares"). Pursuant to the Offering, the Company issued 7,729,499 Common Shares at a price of $0.06 per Common Share for total gross proceeds of approximately $463,770. Pursuant to the Debt Settlement, the Company issued 1,883,333 Settlement Shares at a deemed price of $0.06 per Settlement Share for total debt settlement in the amount of $113,000.","length":846,"tagName":"p"},{"type":"text","content":"Element29 AS ("Element"), controlled by Sven Gollan, received 650,000 Settlement Shares in satisfaction of $39,000 in debt. Following completion of the Debt Settlement, Sven Gollan beneficially owns, or exercises control or direction over, an aggregate of 4,540,000 Common Shares, representing approximately 4.06% of the issued and outstanding Common Shares. Fruchtexpress Grabher GmbH & Co KG ("Fruchtexpress") and AVA SYSTEMS AS, a company controlled by Sverre Holte ("AVA", together with Element and Fruchtexpress, the "Insiders"), participated in the Offering. Fruchtexpress and AVA each acquired an aggregate of 2,705,000 Common Shares. Following completion of the Offering, Fruchtexpress and Sverre Holte, beneficially owns, or exercises control or direction over, an aggregate of 16,023,447 and 18,581,923 Common Shares respectively, representing approximately 14.34% and 16.62% of the issued and outstanding Common Shares, respectively.","length":988,"tagName":"p"},{"type":"text","content":"The Insiders' participation in the Offering and Debt Settlement constitute a "related party transaction", as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). In completing the Offering and Debt Settlement, the Company has relied on the exemptions from the formal valuation requirements of MI 61-101 contained in se...