Business
Teako Announces Private Placement and Shares for Debt Transaction
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 16,666,666 common shares of the Company (the "Common Shares") at a price of $0.06 per Common Share for aggregate gross proceeds of up to $1,000,000 (the "Offering") and the approval of the settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of an aggregate of 1,883,333...
About this update from Teako Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 16,666,666 common shares of the Company (the "Common Shares") at a price of $0.06 per Common Share for aggregate gross proceeds of up to $1,000,000 (the "Offering") and the approval of the settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of an aggregate of 1,883,333 Common Shares (the "Settlement Shares"). The indebtedness relates to fees for services performed by certain advisors, independent contractors and an insider of the Company (the "Creditors") through to January 6, 2026. The Company anticipates closing the Offering and Debt Settlement promptly.","length":859,"tagName":"p"},{"type":"text","content":"The Settlement Shares will be issued at a deemed price of $0.06 per Settlement Share in alignment with the price per Common Share of the Company's Offering. The Company will enter into shares for debt agreements with each Creditor in connection with the Debt Settlement.","length":274,"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 and Debt Settlement is subject to certain customary conditions, including, without limitation, approval of the CSE and the Common Shares and Settlement Shares being subject to a four-month and one-day hold period.","length":475,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for anticipated exploration activities as well as general working capital purposes to allow the Company to pursue its corporate objective of additional project deals and potential revenue-generating third party work.","length":276,"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 th...