Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has farmed out its Four J’s property, located in the Stewart region of northwestern British Columbia, to Rotation Minerals Ltd. (“Rotation Minerals”). Since first staking in 1983 by Teuton, the Four J’s property has had about a million dollars...
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Progress Report on Drilling at Clone Gold Property
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that 5 holes have been drilled to date at the Clone gold property located southeast of Stewart, BC. A Kubota excavator has been flown to the site and preparations for the planned bulk sampling program are almost complete. Of the five...
Private Placement Completed
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has completed the private placement announced July 19, 2010. Altogether $450,000 was raised from the sale of 1,000,000 units at $0.45. The private placement remains subject to regulatory approval. The 2010 work program on the Tennyson claims is scheduled...
IC2 Claim Purchased
Teuton Resources Corp. (“Teuton”) (“TUO”) announces that it has entered into an agreement to purchase a 100% interest in the IC2 claim, subject to a 1.5% NSR which is capped at $500,000. Consideration for the purchase is $5,000 and 40,000 shares in the capital of the Company, the latter payable...
Drilling Starts at Tennyson Property
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that the Company has commenced a drilling program on its wholly-owned Tennyson property, located 6km due west of the former Granduc Mine millsite and 50km by road north of Stewart, BC. The Tennyson property was first staked in 1984 after meltback...
Private Placement
Teuton Resources Corp. (“Teuton”) (“TUO”) has agreed to complete a private placement to raise proceeds of up to $450,000. It has been agreed that the offering will comprise up to 1,000,000 units at $0.45 per unit. Each unit will consist of one common share of the Company plus one warrant...
Private Placement Completed
Teuton Resources Corp. (“Teuton”) (“TUO”) has completed 1,163,611 shares of the private placement announced June 1, 2010 to raise proceeds of $523,625. Proceeds of the offering will be expended on the Company’s properties in northwestern British Columbia and for general corporate purposes. The private placement is subject to approval from...
Banner year for Teuton’s many Golden Triangle claims
Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) is finalizing its plans for the 2010 season in the Golden Triangle region of northwestern British Columbia. Early indications are that more than $100 million will be spent by various parties exploring multiple deposits within the region. At least $80 million of this will...
Private Placement
Teuton Resources Corp. (“Teuton”) (“TUO”) has agreed to complete a private placement to raise proceeds of up to $900,000. It has been agreed that the offering will comprise up to 2,000,000 units at $0.45 per unit. Each unit will consist of one common share of the Company plus one warrant...
Grant of Options
Teuton Resources Corp. (“TUO”, “the Company”) has, in accordance with its Stock Option Plan, granted to employees, consultants and directors of the Company options to purchase a total of 1,886,000 shares of the Company at $0.56 per share, exercisable until April 13, 2015. The Stock Option Plan was ratified at...
