Teako Closes Non-Brokered Private Placement Backed by Insider and Other Significant Investors
Teako Closes Non-Brokered Private Placement
Backed by Insider and Other Significant
Investors
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Teako Minerals Corp. (CSE: TMIN)
(the "
Company
" or "
Teako
") is pleased to announce the closure of its non-brokered private placement
offering (the "
Offering
") of common shares of the Company ("
Common Shares
"). Pursuant to the
Offering, the Company issued 6,153,847 Common Shares at a price of $0.065 per Common Share for
total gross proceeds of $400,000.06. The Offering was backed by participation from significant
investors from Denmark alongside participation from an insider of the Company.
The Company's now largest shareholder, the Norwegian family office owned by Sverre Holte (the
"
Insider
"), participated in the Offering through S.B.S. Capital Management AS and acquired an
aggregate of 3,076,923 Common Shares. The Insiders' participation in the Offering constitutes a
"related party transaction", as such term is defined in Multilateral Instrument 61-101 -
Protection of
Minority Securityholders in Special Transactions
("
MI 61-101
"). In completing the Offering, the
Company has relied on exemptions from the formal valuation and minority shareholder approval
requirements enumerated in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair
market value of the Common Shares purchased, nor the consideration paid by the Insiders exceeds
25% of the Company's market capitalization.
The Company intends to use the net proceeds of the Offering for ongoing exploration activities as well as
general working capital purposes to allow more time to pursue its corporate objective of additional
project deals and potential revenue-generating third party work. The Company did not pay any finder's
fees in cash or securities under the Offering.
All of the Common Shares issued under the Offering will be subject to a four-month and one-day statutory
hold period. The Common Shares have not and will not be 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, focusing on critical metals such as copper,
cobalt, zinc and molybdenum. By leveraging leading-edge exploration technologies and strategic
partnerships, Teako aims to address the growing demand for essential minerals while generating value
for shareholders and stakeholders alike.
Contact Information:
Sven Gollan - CEO
T: +1 (604)-871-4301
Email:
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities
legislation, concerning the business of Teako. Forward-looking information is based on certain key
expectations and assumptions made by the management of Teako. In some cases, you can identify
forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan,"
"seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and
variations of these terms and similar expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include statements related to: i) the use of proceeds
from the Offering, and ii) the Company's business plans, operations and other matters. Although Teako
believes that the expectations and assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking information because Teako can
give no assurance that they will prove to be correct. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results
could differ materially from those currently anticipated due to a number of factors and risks. These
include but are not limited to, risks associated with the mineral exploration industry in general (e.g.,
operational risks in development, exploration and production; the uncertainty of mineral resource
estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), constraint in the availability of services, commodity price and
exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather
conditions and uncertainties resulting from potential delays or changes in plans with respect to
exploration or development projects or capital expenditures. These and other risks are set out in more
detail in Teako's interim Management's Discussion and Analysis, July 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither
the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press
release.
Not for dissemination in the United States or distribution through U.S. newswires
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https://www.newsfilecorp.com/release/269788