Teako Minerals Seeks $400K in Private Placement

1111 Exploration Corp (TSE:TMIN) has released an update.

Teako Minerals Corp. has launched a non-brokered private placement aiming to raise up to $400,000 through the sale of common shares, priced at $0.09 each. The proceeds are intended for mineral exploration in Norway and Finland and for general corporate expenditures. The offering is contingent upon customary conditions and securities exchange approvals, with the shares subject to a four-month hold period.

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