Teako Enters Into Share Purchase Agreement to Acquire Cuprita Minerals Inc.; Securing Access to Portable Assessment Credits
Teako acquires Cuprita in exchange for the issuance of 3,500,000 Common Shares, granting Teako access to Cuprita's PACs, aiding project maintenance and financial flexibility.
- Teako acquires Cuprita in exchange for the issuance of 3,500,000 Common Shares, granting Teako access to Cuprita's PACs, aiding project maintenance and financial flexibility.
- Acquisition incurs no further dilution or cost; Teako retains 100% interest in the Yellow Moose Project.
- Common Shares issued to the former shareholders of Cuprita, instead of directly to Cuprita as under the terms of the Prior Agreement.
- As of the closing of the Acquisition, the Company reports a total of 60,887,912 Common Shares issued and outstanding.