Teuton Resources Corp.(“Teuton”) (“TUO”:TSX-V; “TFE”-Frankfurt) reports that it has completed the private placement announced Dec. 29, 2008, whereby 3,500,000 units were sold at $0.05 per unit. Each unit consisted of one common share and one non-transferable warrant entitling the holder to purchase one additional common share at a price of $0.10 for two years. Funds raised will be used for general corporate purposes.
The 3,500,000-unit private placement, with all the common shares issued pursuant to this unit offering, carries a legend restricting the shares from trading for a period of four months until June 18, 2009.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.