Teako Minerals Corp. announced a non-brokered private placement of up to 4,444,444 common shares at a price of CAD 0.09 per common share for aggregate gross proceeds of up to CAD 399,999.96 on March 14, 2024. 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 and applicable securities laws.

The 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.