Teako Minerals Closes Oversubscribed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") announced today that it is closing the second and final tranche of a non-brokered private placement of common shares of the Company ("Common Shares") at a price of $0.09 (see press releases dated March 14, 2024 , March 18, 2024 , and April 11, 2024 ) for total gross proceeds of $964,070 (the "Offering").
- Vancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") announced today that it is closing the second and final tranche of a non-brokered private placement of common shares of the Company ("Common Shares") at a price of $0.09 (see press releases dated March 14, 2024 , March 18, 2024 , and April 11, 2024 ) for total gross proceeds of $964,070 (the "Offering").
- Under the Offering, Teako issued, in aggregate, 10,711,896 Common Shares which brings the total issued and outstanding share count to 71.599.808.
- The Company's largest shareholder, Fruchtexpress Grabher GmbH & Co KG ("FEx"), participated in the Offering and acquired an aggregate of 1,330,000 Common Shares.
- Now it's up to us to shift Teako into a higher gear and prove ourselves worthy of this vote of confidence".