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1111 Exploration Corp ( (TSE:TMIN) ) just unveiled an update.
Teako Minerals Corp. has successfully closed a non-brokered private placement, raising $400,000.06 through the issuance of 6,153,847 common shares at $0.065 each. The offering saw significant participation from investors in Denmark and the company’s largest shareholder, a Norwegian family office, enhancing Teako’s financial position to support ongoing exploration activities and potential project deals. This strategic move is expected to bolster Teako’s operations and market presence in the mineral exploration industry.
More about 1111 Exploration Corp
Teako Minerals Corp. is a Vancouver-based mineral exploration company focused on acquiring, exploring, and developing mineral properties in Norway, with a particular emphasis on critical metals such as copper, cobalt, zinc, and molybdenum. The company aims to meet the growing demand for essential minerals through advanced exploration technologies and strategic partnerships, thereby generating value for shareholders and stakeholders.
Average Trading Volume: 94,077
Technical Sentiment Signal: Sell
Current Market Cap: C$4.8M
Learn more about TMIN stock on TipRanks’ Stock Analysis page.