Teako Minerals Corp. Enters Into Share Purchase Agreement to acquire Cuprita Minerals Inc. from Stichting Legal Owner Plethora Private Equity and others for CAD 0.26 million.

Teako Minerals Corp. (CNSX:TMIN) Enters Into Share Purchase Agreement to acquire Cuprita Minerals Inc. from Stichting Legal Owner Plethora Private Equity and others for CAD 0.26 million on January 29, 2024. As a consideration Teako Minerals Corp.

issued 3,500,000 Common Shares of Teako Minerals Corp. to the former shareholders of Cuprita, including an aggregate of 3,179,820 Common Shares issued to Stichting Legal Owner Plethora Private Equity. Cuprita becomes a wholly-owned subsidiary of Teako.

The Share Purchase Agreement replaces and supersedes the prior purchase and option agreement dated July 18, 2023 with Cuprita, which provided for the purchase of the Yellow Moose project in the Nechako Plateau region of north-central British Columbia, Canada. Teako Minerals Corp. now indirectly holds 100% interest in the Yellow Moose Project.

The transaction is subject to final approval by the Canadian Securities Exchange.