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FINWIRES

Teako Minerals to Close the Final Tranche of Private Placement of Shares

-- Teako Minerals (TMIN.CN) on Friday said it plans to the final tranche of a non-brokered private placement of shares ng for the issuance of common shares.

The company said it has subscription for 12.27-million shares in the tranche it plans to close on or before April 17, raising C$736,230.

The company plans to use proceeds for anticipated exploration activities as well as general working capital purposes.

Shares of the company were last seen up $0.005 at $0.055 on the Canadian Securities Exchange.

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