Associated tags: CSE, News, Mining
Locations: AGA, TURKEY, ARGENTINA, COLOMBIA, MI, EUROPEAN UNION, EU, TROMS, FINNMARK, VANCOUVER, BRITISH COLUMBIA, FINLAND, NORWAY, UNITED STATES, DENMARK
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").
Key Points:
- 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".
The Company closed the first tranche of the Offering for aggregate gross proceeds of approximately $579,600 (the "First Tranche").
Key Points:
- The Company closed the first tranche of the Offering for aggregate gross proceeds of approximately $579,600 (the "First Tranche").
- The First Tranche of the Offering was subscribed by a group of supportive Danish investors as well as a previous private placement participant from Norway.
- Under the First Tranche of the Offering, the Company issued 6,439,996 common shares (the "Common Shares") at a price of $0.09 per Common Share.
- All of the Common Shares issued under the Offering will be subject to a four-month and one-day statutory hold period.
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.
Key Points:
- 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.
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce a non-brokered private placement for the issuance of up to 4,444,444 common shares of the Company (the "Common Shares") at a price of $0.09 per Common Share for aggregate gross proceeds of up to $400,000 (the "Offering").
Key Points:
- Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce a non-brokered private placement for the issuance of up to 4,444,444 common shares of the Company (the "Common Shares") at a price of $0.09 per Common Share for aggregate gross proceeds of up to $400,000 (the "Offering").
- 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 Private Placement 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.
Retrieved on:
Wednesday, March 13, 2024
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has amended its option agreement (the "Option Agreement")( see news release dated July 18, 2023 ) with Capella Minerals Ltd. (TSXV: CMIL) (or "Capella"), to acquire 100% ownership of the Vaddas and Birtavarre licenses on the Vaddas project for a cash payment of NOK 315,000 (approximately CAD$40,000) payable to Capella.
Key Points:
- Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has amended its option agreement (the "Option Agreement")( see news release dated July 18, 2023 ) with Capella Minerals Ltd. (TSXV: CMIL) (or "Capella"), to acquire 100% ownership of the Vaddas and Birtavarre licenses on the Vaddas project for a cash payment of NOK 315,000 (approximately CAD$40,000) payable to Capella.
- Under the terms of the amended agreement, which supersedes the previous agreement, the Company paid NOK 315,000 to Capella on March 12, 2024, to acquire the remaining 50% interest in the Vaddas and Birtavarre licenses for a 100% interest in the project.
- The Vaddas and Birtavarre licenses, in which the Company now has a 100% interest, add to the previously announced 100% owned Vaddas project licenses ( see news release dated January 22, 2024 ), which was realized through staking, meant to expand the Vaddas Project.
- This means that the Company now owns 100% of all Vaddas Project licenses, the largest copper-cobalt project in northern Norway (see Figure 1).
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Typesetting Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is delighted to announce the establishment of a substantial Norwegian Project Hub (or "The Hub") divided into four (4) districts and spanning thirty-one (31) projects over an area of 3,818 square kilometers ("sq.km") (or 381,800 hectares) realized through staking of prospective copper, cobalt, nickel, zinc, gold, molybdenum and rare-earth-elements (or "REE's") projects for further assessment (see Figure 1,2,3,4 and Table 1). This strategic move positions Teako as the country's largest exploration company in terms of total project size.
Key Points:
- This strategic move positions Teako as the country's largest exploration company in terms of total project size.
- Teako Minerals Corp establishes itself as Norway's most significant mineral exploration company in terms of project size, with thirty-one (31) hub projects and three (3) main projects in four (4) districts.
- Teako's total landholding in Norway, including the Vaddas and Lomunda-Venna projects, now measures 5,458 sq.km (or 545,800 hectares).
- Furthermore, the Project Hub functions as a de-risking mechanism by providing flexibility in project development within the Company.
Retrieved on:
Tuesday, February 27, 2024
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Host km") of new exploration claims at the Lomunda and Venna copper-projects (the "Projects") in Trøndelag Province, Central Norway.
Key Points:
- km") of new exploration claims at the Lomunda and Venna copper-projects (the "Projects") in Trøndelag Province, Central Norway.
- km, lie immediately to the SW of the past-producing Løkken copper-zinc mine, whereas the Venna concessions, covering 448 sq.
- The newly granted exploration claims are 100% owned by Teako and will have no minimum work commitments or landholding costs in 2024.
- Both Lomunda and Venna are located adjacent to Norway's foremost historical copper mining district at Løkken, Trøndelag Province.
Retrieved on:
Wednesday, February 21, 2024
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the filing of an independent technical report (the "Technical Report") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for its Yellow Moose property located in B.C., Canada (the "Property").
Key Points:
- Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the filing of an independent technical report (the "Technical Report") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for its Yellow Moose property located in B.C., Canada (the "Property").
- The Technical Report, prepared by Afzaal Pirzada, P. Geo (the "Author"), an independent Qualified Person, at the Company's request and carries an Effective Date of February 19, 2024.
- It adheres strictly to the standards mandated by NI 43-101 for the Property.
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.
Key Points:
- 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.
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London Metal Exchange Vancouver, British Columbia--(Newsfile Corp. - January 22, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has significantly increased the size of its Vaddas-Birtavarre copper-cobalt project in northern Norway through the granting of an additional 72 new exploration claims totalling approximately 665 square km. The newly-staked ground compliments the original 16 claims over which the Company has an option to acquire a 100% interest from Capella Minerals Limited (TSXV: CMIL) ("Capella") (Figure 1). The former Vaddas-Birtavarre mining district contains several known Caledonian-age semi-massive to massive sulfide ("VMS") deposits and is interpreted by the Company to hold the greatest potential for new copper-cobalt discoveries in Norway outside of the central Trondelag province.
Key Points:
- The newly granted exploration claims are 100% owned by Teako and will have no minimum work commitments or landholding costs in 2024.
- The Vaddas-Birtavarre project, to be known henceforth as the Vaddas project, is now the largest copper-cobalt project in Norway with a combined 796 square km (or 79,600 hectares).
- Teako has created Norway's single largest copper-cobalt project through the granting of a further 72 new exploration claims in the former Vaddas mining district.
- For Teako, the significant and district-scale Vaddas project represents a pivotal step for our appearance and developments in Norway."
