On August 25, 2023, Teako Minerals Corp. closed the transaction. The company will now receive 1,585,000 flow-through shares at a price of CAD 0.11 per FT Share for the gross proceeds of CAD 174,350 and 1,927,999 non-flow-through units at a price of CAD 0.09 per NFT Unit for the gross proceeds of CAD 173,519.91; aggregate gross proceeds of CAD 347,869.91 All securities issued under the Offering are subject to a statutory hold period of four months and one day from the issuance of the shares.

The Company did not incur any finders' fees and did not issue any finders' warrants in relation to the Private Placement.