SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): April 24, 1998
Commission File Number: 0-10104
LA TEKO RESOURCES LTD.
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(Exact Name of Registrant as Specified in its Charter)
BRITISH COLUMBIA 87-0483319
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
625 HOWE STREET, SUITE 500
VANCOUVER, B.C. V6C 2T6
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including Area Code:
(604) 688-0833
NOT APPLICABLE
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(Former name, former address, and formal fiscal year, if changed since
last report)
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ITEM 5: OTHER EVENTS
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On April 24, 1998, La Teko Resources Ltd. announced that it has, subject to
regulatory approval, agreed to a private placement of 700,000 units at US$0.85
per unit for gross proceeds of US$595,000. Each unit consists of one common
share of La Teko and one common share purchase warrant. Each purchase warrant
will entitle the purchasers to acquire one common share of La Teko at a price of
US$1.05 per share in the first twelve months after closing and at a price of
US$1.25 per share in the period commencing twelve months after closing and
ending twenty four months after the date of closing. No finder's fee is
payable.
Management of La Teko is pleased to attract the financial support of this
private placement which, coupled with the recently announced private placement
of US$1.7 million by Kinross Gold Corporation, provides La Teko with solid
financial resources to continue to move forward during this period of gradually
improving gold prices.
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SIGNATURES
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Pursuant to the requirements of section 13 or 15(d) of the Securities
Exchange of 1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
LA TEKO RESOURCES LTD.
Dated: May 4, 1998 By /s/ Gerald G. Carlson, President
