Business
Teako Minerals Announces Upsize of Its Previously Announced Non-Brokered Private Placement to $580,000
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that, in res
About this update from Teako Minerals Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the \"Company\" or \"Teako\") is pleased to announce that, in response to strong demand from Scandinavian investors, the Company's non-brokered private placement previously announced on March 14, 2024 (the \"Offering\") has been upsized. The Offering will now consist of up to 6,444,444 common shares of the Company (the \"Common Shares\") at a price of $0.09 per Common Share for aggregate gross proceeds of up to $580,000. 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 mineral exploration programs in Norway and Finland (see news release dated January 18, 2024), as well as general working capital purposes. 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. About Teako Minerals Corp. Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway & Finland exploring for copper, cobalt, gold, molybdenum, and rare earth elements (REE). The adoption of technologies such as the SCS Exploration Product aligns with its strategy to remain at the forefront of the rapidly evolving mining industry. ON BEHALF OF TEAKO MINERALS CORP.\"Sven Gollan\"CEOT: +43 5522 500429Email: [email protected] Forward-Lo...