Teako Minerals Signs Definitive Securities Exchange Agreement with The Coring Company AS
The transaction is subject to review and approval by the Canadian Securities Exchange.
- The transaction is subject to review and approval by the Canadian Securities Exchange.
- All Teako Shares to be issued will be subject to a hold period, which will expire four months and one day from the date of issuance of the Teako Shares of which the securities exchange transaction (the "Securities Exchange") is expected to occur on October 12, 2023.
- Terms of the Securities Exchange Agreement:
As a result of the Equity Swap, Teako and TCC will respectively own 4.9% of the issued and outstanding shares of the other company. - Teako previously acquired a two-year exclusive license from TCC for the use, sale, and sublicense of the SCS Exploration Product.